An own build index for long term investment on European stocks. Lets see if this log(Channel) holds.
1/12 BE Semiconductor
1/12 AB Inbev
3/12 Amundi CAC40 ETF (C4D)
After weeks of price dumps the Bayer AG chart is first time near real support zones (between 57 - 63) which I already analyzed in my first Bayer AG analysis from August 17.
If the next weekly candle is green we can expect the start of a recovery run because Bayer is now fair valued.
But don't forget that further legal proceedings are open and could still be...
After bottoming out at € 70, the current chart looks like a head and shoulder formation. RSI and MACD still have room to grow. I expect further price increases up to about 84 € until a first correction begins, then it will show whether the H & S formation holds or a new low for 2018 will be marked.
Today I am analyzing one of the leading Dax30 companies, Bayer ag. After a US court has found Monsanto guilty (2 of its weed killers are said to be producing cancer by containing glyphosate) and has distributed a fine of over $ 250 million, the course is in free fall. There have already been 2 rebounds from the Fibonacci retracement zones, however, the price will...
If price drops below the supporting neckline (98.78 EUR), I will go short when reversal is more clear. Be aware Bayer has performing strong over the last day, so trend continuation is a possible scenario. Check price action and market sentiment on Wednesday before you got short to avoid positive slippage.
Hey guys, here is an analysis for Bayer.
Bayer is a global company which act in healthcare and agriculture sectors with huge profit and this sector is good to invest, BUT.
Here could come time for SHORT our positions. This is a short term trade, because from long term i guess this company will grow and create value.
If we look at the chart, we can see value...