Borg Warner (BWA) – Short
Entry – 37.95
Stop – 38.97
Target – 36.37
The magenta arrow illustrates the pause taken by BWA after the sharp price move lower. With the failure of follow through higher on Friday and its daily close on the low, the current down move is now poised to reassert itself. The only technical support for BWA is the target noted on the chart at 36.37.
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