BMW is a solid company that has shown resilience. Currently, the price is around 74 euros, and a good entry point would be after breaking the downward trendline and key resistance, about 82 euros. It’s important to wait for confirmation of a daily close.
1. Operational strength: BMW remains a leader in the luxury automotive market. 2. Electric expansion: Strong investment in electric and autonomous vehicles. 3. Technical opportunity: Breaking resistance could signal a potential recovery. 4. Risks: Inflation and consumer demand may affect future sales.
This analysis is not an investment recommendation.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.