Strong Buy for The Carmakers Across the Globe
Apple still stay below the up trendline, which is not really encouraging to any purchases.
British American Tobacco tests the lower line of the symmetric triangle pattern.
Royal Dutch Shell rises, thanks to the higher oil prices.
Rolls-Royce calmly rests on an important, horizontal support.
BMW aims higher with a very strong buy signal.
Porsche, on the other hand, is waiting for a proper signal. Breakout of the dynamic resistance will give us a buy signal and a break out of the horizontal support will give us a signal to sell.
Ferrari is above the horizontal support and upper line of the wedge, which is really optimistic.
Bayer tests the neckline of the iH&S formation but from the top!
Siemens continues the drop after the false bullish breakout and the breakout of the major up trendline.
Allianz stays above major supports with a very promising buy signal.
For a look at all of today’s economic events, check out our economic calendar.