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BMW- Technical analysis

Bayerische Motoren Werke AG (BMW)

The technical looks that the price trending to upside, we have recent Bearish breakout after breakout price dip into down side which trend line retest zone will be formed at 86, major fib zone of 0.618% will be at 90. which will be acting as short term Resistance, weekly chart start showing selling pressure at resistance zone our short term anticipation will be selling side, because of technical looks like trend change into downside.

SELL PRICE:86, STOP LOSS:93, TAKE PROFIT:70.50, TIME SPAN: 2MONTH

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