When it's over? #Bayer #BAYN #tradingview
Bayer AG is still in a correction phase since April 2015.
An important support line is at EUR 44.10. This line must hodl!
Should this be broken on a weekly or even monthly basis with a closing price below it, the range of approx. 38 Euro would be the next support zone.
A closing below 38 Euro, a down move to 20-22 Euroarea would not surprise.
At 21.62 Euro, the potential wave C would be 1.618 times longer than the wave movement A. Nothing new since first analysis @ Tradingview 2018.
Interested parties in Bayer shares should wait further, if necessary, at least until the Monsanto process in California is over. Straight the coming days/weeks might become therefore interesting whether already now a trend reversal can be caused or as described above a further sales takes place.
I set my alarm clocks.
After 2018 and 2019 it is now the third long term analysis of Bayer here at TradingView.
Best regards from Hannover
Stefan Bode
An important support line is at EUR 44.10. This line must hodl!
Should this be broken on a weekly or even monthly basis with a closing price below it, the range of approx. 38 Euro would be the next support zone.
A closing below 38 Euro, a down move to 20-22 Euroarea would not surprise.
At 21.62 Euro, the potential wave C would be 1.618 times longer than the wave movement A. Nothing new since first analysis @ Tradingview 2018.
Interested parties in Bayer shares should wait further, if necessary, at least until the Monsanto process in California is over. Straight the coming days/weeks might become therefore interesting whether already now a trend reversal can be caused or as described above a further sales takes place.
I set my alarm clocks.
After 2018 and 2019 it is now the third long term analysis of Bayer here at TradingView.
Best regards from Hannover
Stefan Bode
t.me/stefan_bode_analysen
Zins oder Dividende? Aktien oder Anleihen? Was sind Wandeloptionsanleihen?
Immobilien oder Rohstoffe?
Rinderfarm in Südamerika.
Geld richtig investieren!
fondslounge.de
Zins oder Dividende? Aktien oder Anleihen? Was sind Wandeloptionsanleihen?
Immobilien oder Rohstoffe?
Rinderfarm in Südamerika.
Geld richtig investieren!
fondslounge.de
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.