BMW's share price is falling right now. It is below the resistance level of €79.36 and the 20‑day moving average is also going down.
After the recent drop, the price is now oversold and close to a strong daily support around €73.72. This level may hold the price up for a short time.
We expect the price to start climbing again, aiming for about €84.
To benefit from this move, you could buy the Vontobel turbo CALL GC08V. It costs €0.80 today. If the share reaches €84, the turbo could give roughly a 55 % gain.
The turbo would become worthless if the price falls to €69, which limits the possible loss to about 35 %.
We will keep watching the product and may update our recommendation if market conditions change.
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Technical Analysis