Friday, August 17, 2018

European carmakers

BMW: bounced back from key support and is in an upward channel.
Daimler: broke key support and it is forming a potential double bottom.
VW: broke key supports. Little follow through after the second break, now it is consolidating.
Renault: broke key support and it is consolidating.
Peugeot: broke out from a long term channel and reached a measured move target that acts as a resistance now.
Fiat: the pass away of the CEO pushed the priced down to the January low key support level.
Peugeot/BMW shrinking spread is something to consider.

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