BMW: sellers storm back in
BMW drops 4% as 95% of volume turns to selling and ADX climbs higher
BMW: sellers storm back in
Our view last week
BMW is in its 8th week of a sell signal, and this week recovered 2.5% on strong buy volume. The bounce doesn't settle the case: beneath the surface the picture stays mixed, with seller pressure fading but underlying flows still weak. The price is now squeezed between a nearby resistance and support.
This week's summary
This week's read on BMW flips the script: after last week's 2.5% bounce, sellers came roaring back — the stock drops 4% with 95% of trading on the sell side. RSI falls to 27.8 and the ADX has risen for a fourth straight week, a sign the trend is gaining conviction. Price stays boxed between nearby support and resistance, with the short now more than 21% in the money.
IQS Phase
86
in tension / maturity
Signal Strength
37
decline starting to make lower lows
Sizing
REDUCED
Ranking
#14 / 54
EU-UK stocks
Trade P&L %
+21.85%
from signal to today
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