With the market being very volatile, especially in the DAX, Bayer has kept on making steady gains and forming an upward trend.
Looking to fill gaps, taking profits at resistance in low 60-62€ range.
If we wont see a continuation of this trend, looking for SL at around 50€
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The drug in question is chloroquine. It is sold under the brand name Aralen and in generic form. It is also available in a different formulation as hydroxychloroquine under...
Bayer has reached the longterm goal to the downside. This one could now get interesting for value investor with a longer time horizen. However it should be observed weather a stabilization is happening.
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
In the end of November 2019 I've made a technical analysis of BAYN . It was "requested" from an investment service provider company, as part of the interview process. Around 7% monthly profit realized already, the trend is still bullish. The 70.85-71.85 resistance became support zone, 79-80 price zone could be the first take profit level.
Market broke out of triangle at the end of July and confirmed the current up trend after closing above down trend channel at the beginning of August.
We have seen two bullish indicators on daily chart.
1. 50 day moving average (yellow line) crossed the 100 day moving average (blue line) upwards which is bullish indicator, expect fast up movement above 70 € if...
I currently see 2 opportunities in this Stock. One would be short entry for the last move down and the other possibility is a long term buy once the corrective ABC structure has finished.
I am expecting Bayer to make one more Push to the downside and then finishing a longterm ABC-Correction. If we are getting this last push into the orange area I will look for buying opportunities in this stock (price action). It could be a potential level to hold the stock for longer term as a ABC Correction should by then have completed.
Chart Analysis
Let's have a look at MIL:BAY , the famous Monsanto buyer. Last weeks candle managed to close inside the long term uptrend channel and if we look at the monthly chart we can see a strong green confirmation candle forming. Of course we have still 5 trading days for this month, but maybe it works out. then it confir ms the reversal which happened at...
W1 - Double cycle down, false breaks with bullish divergence.
D1 - Inverted head and shoulders pattern, price broke above the neckline, bullish divergence.
Any pullback is an opportunity to look for buys with more bullish evidences.
For some time now, I have been monitoring Bayer AG. We have seen a huge disintegration since 2015 which now meets crucial levels of support.
The MACD will soon show a cross on a monthly basis at a crucial level.
Let's take a look at the Fibu we see the Bayer currently commuting at the 78er. that means the entire bull market from the year 2012 -2015 was given back...
Expecting bounce from extremely oversold weekly and daily levels. If stop breached on a daily closing basis, be prepared to catch new daily reversal on lower levels with tight stop.
