BorgWarner ( BWA) supplies engineered systems and components, primarily for automotive powertrain applications. Let's check out the charts and technical gauges. 
In this daily bar chart of BWA, below, we can see that prices have traded sideways since March. Prices made lows in June/July and then slightly lower lows in late September and early October. BWA has rallied to break above the 50-day and 200-day moving average lines in November but the rally looks like it will fade and prices could retrace part of the advance.
Prices broke above their August highs but the daily On-Balance-Volume (OBV) line has performed weaker and has not broken above its August high. The Moving Average Convergence Divergence (MACD) oscillator has moved above the zero line but recently crossed to the downside for a take profit sell signal.
In this weekly Japanese candlestick chart of BWA, below, we see a chart in transition. BWA was in a downtrend from around $55 in April 2021 but the trend shifted to sideways in early 2022. BWA is trading above the bottoming 40-week moving average line.
The weekly OBV line shows improvement the past two months. The MACD oscillator has crossed above the zero line for an outright buy signal.
In this daily Point and Figure chart of BWA, below, we can see that prices have reached and exceeded a $39 price target.
In this weekly BWA chart, below, we can see a downside price target of $39.
Bottom line strategy: Shares of BWA are bottoming. This does not mean we just rush in and buy. We want to buy when the risk/reward ratio is favorable. I am interested in buying BWA in the $38-$36 area risking to $34. Let's wait and see.
