If Germany is the sick man of Europe. #Bayer looking deathly Short

BAYER AG NA O.N.XETR

Description

⋅ Sep 26, 2023 3:42 PM

The #EU is Marxist, Socialist, and is involved in Price setting

That didn't work out too well for USSR as economic powerhouse
and so too we see the once great German economy being brought to it's knees.

It is being de-industralized and being brought down in a great economic levelling of the union

Such a shame

Bayer Pharmaceutical is arguably a company we could do without .. so this chart does not upset me too much ...

But it is major component of the #DAX and highlights the economic pain that Germany may indeed go through in the next recession.

Trade active

⋅ Oct 26, 2023 4:40 PM

Smashing through the neckline

Trade active

⋅ Mar 11, 2024 11:21 AM

down 82% from the High

Comments

cryptoind

⋅ Jan 31, 2024 5:31 PM

Regret for not looked at it before making my decision.

BallaJi

⋅ Jan 31, 2024 5:55 PM

@cryptoind, sorry.. looks like it should find support around the $23 (or at least slow the decline at that level. - maybe get a reactionary bounce. Crazy if it does indeed go to $11 !!!

BallaJi

⋅ Jan 31, 2024 5:59 PM

@cryptoind, Throw up the chart of Bayer AG / DAX --- even more profound how bad this stock has been .... doesn't appear to be reaching any bottom at the moment? What is going on? Is it going out of business?!

dolphinfromegypt

⋅ Dec 1, 2023 2:32 PM

thanks for your chart. I suppose that it is the one of the many scenario how it can look like.

BallaJi

⋅ Dec 1, 2023 4:30 PM

@dolphinfromegypt, yw.
I mean it's already lost 80% share value from the top amazing...
certainly seems it STILL wants to probe lower levels.
Who knows why...

Migel1988

⋅ Mar 11, 2024 4:06 PM

Haha cant happen

BallaJi

⋅ Mar 11, 2024 5:01 PM

@Migel1988, Even if it doesn't it still went down 82%... could have side stepped some of that drawdown and bought 2-5x more shares down here. Im sure shareholders have not been laughing .