pos. add BASF @ cmp and 2222 we seen 2777-2999-3131-3535-3999 view invalid below 1850 cbsl
Hello dear readers, Today I would like to look at the dividend share BASF Chart-technical assessment - BASF is building a bottom and thus a trend reversal. - Crossing the trend line and the last high are the first important steps. - Within the next weeks/months, I expect the share price to initially approach the sell zone and then to undergo a strong correction...
BASF has activated a second impulse structure with target price at 68.87€ +23% from current price.
XETR:BAS Bullish Divergence could occur on BASF and needs to be watched. This goes against a weekly downtrend, so would be a short term bet to profit from the upswing. As soon as MACD ticks up from now again so completes the divergence and is a buying signal.