BMW (BMWD) SHORT ON NARROWING RANGE

Description of Chart:
If we go out to the weekly time frame we can see that BMWD is in a nice consolidating range. we are approaching the top end of that range and this could be a nice opportunity to get short for a small win. There is however the opportunity for price to rally into the 50 and 200MA on the weekly sitting at 81.37 and 83.98 respectively.

Website: www.lukelehepuu.com
Take a look at my website, you can become a member or sign-up to my weekly newsletter.

*** To get my ideas immediately you can follow me ***