BAY.MOTOREN WERKE AG ST
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Bmw is a short - target 74 Euro

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Bmw has a very good risk-reward ratio for a short opportunity. Increased volumes have been detected in correspondence with a bearish closing Marubozu.

Price oscillator is moving below zero, giving confidence about the bearish cycle in place. Coppock curve is moving in a bearish modality as well.

Clear target for our short strategy is 74 euro, which represents a strong horizontal support.
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Trade is moving on our favor. Keep the position, till reaching the target at 74

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