1COV • Covestro AG • XETRA LONG TF H1#1COV • Covestro AG • XETRA LONG TF H1,
TP = 51.31 , SL = 45.70
The trend continues, the nearest support level according to my calculations TP = 51.31
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−1.07 USD
−287.73 M USD
15.34 B USD
About Covestro AG TEMP
Sector
Industry
CEO
Markus Steilemann
Website
Headquarters
Leverkusen
Founded
2015
ISIN
US22304D2071
FIGI
BBG00FFP5G12
Covestro AG engages in the provision of manufacture and supply of polymers. It operates through the Performance Materials and Solutions and Specialties segments. The Performance Materials segment develops, produces, and supplies materials such as standard polyurethanes and polycarbonates, as well as base chemicals. The Solutions and Specialties segment consolidates Covestro's solutions and specialties businesses and combines chemical products with application technology services. The company was founded in 1863 and is headquartered in Leverkusen, Germany.
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1COV added to model portfolioCovestro has just been added as a 12.5% position to our model portfolio.
Some comments:
1. 7/8 qualifiers of Minervini's trend template are met and the stock is in a confirmed phase 2 uptrend.
2. Stochastic RSI are indicating an entry coming our of an oversold position.
3. This is a pullback entry
Covestro (1COV) bullishCorrection seem over and wave 2 finalized
Now wave 3 of (3) seems to have started
Bullish till end of 2022 according to this analysis
The game is not over for covestroFriday bear run looks scary but I am optimistic about the paper and I would like to see the break of the ceiling. No targets since the bigger picture is set for something significant.
Buy Now CovestroAll my EMA´s are about to break through. So there will be a chance to take profits.
Bye
Covestro A.G. - interesting levels to watchCovestro AG is a German company which produces a variety of polyurethane and polycarbonate based raw materials. Price is at an interesting juntion. Since the recovery of price from pandemic levels, the price has rocketed up. Along the way, price has touched/breached the 50-day MA - four times so far
1COV (DAX) - EW analysis - C impulse up 1COV - It is in ABC zigzag up cycle from major low in 2 hr time frame. The 4th of C wave is about to start moving down as correction and one more up cycle is due to finish the whole sequence.
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An aggregate view of professional's ratings.
Neutral
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Neutral
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Strong sellSellNeutralBuyStrong buy
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Displays a symbol's price movements over previous years to identify recurring trends.
XS255499793
Covestro AG 4.75% 15-NOV-2028Yield to maturity
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Maturity date
Nov 15, 2028
XS2188805845
Covestro 1,375% 12/06/2030Yield to maturity
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Maturity date
Jun 12, 2030
XS2188805688
Covestro 0,875% 03/02/2026Yield to maturity
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Maturity date
Feb 3, 2026
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