BASF SE NA O.N.

XETR

BAS

The bootom building has been finished soon with a new low.

An own build index for long term investment on European stocks. Lets see if this log(Channel) holds. Chemistry-Pharma: 1/12 Bayer 1/12 BASF Semiconductior: 1/12 Melexis 1/12 BE Semiconductor Environmental-Chemistry: 1/12 Umicore 2/12 Veolia Brewery Chain: 1/12 AB Inbev Steel/metal industry: 1/12 Aperam Index ETF: 3/12 Amundi CAC40 ETF (C4D) Input...

BASF is for over 20 years in an exponential growing channel. General retraces always included a 45% decline. Time to buy low?

www.tradingview.com 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.

Look's like a nice short Chance.

Price development in recent months suggest convergence opportunity in comming month. Current percentage gap should be narrowed in 3-5 months time horizont.

Just a good company on the support line of its weekly uptrend, seems like the swing low to me. I am building my position in the current range.