Bayer AG - another chance to reverse a 4 year long bearish trend
Daily:
- Ichimoku setup is neautral, with some bullish bias. Price attempts a bullish cloud breakout, which in case of a success would mean a break of the long term bearish trendline too.
- HA price action and indicators are positive
- EWO is picking up
Weekly:
- Ichimoku setup is turning to neutral from bearish. Price trades above weekly Kijun (26 weeks average)
- A possible higher low print in Dec/2021.
- Upper key levels to confirm a bullish trend reversal is around 51,15.
- Weekly EWO is still negative
This stock still has to do some hard work to reverse, but it must be put on your watchlist. In case it decisively broke out and reversed the trend, it would have a decebt upside target to around 80.
- Ichimoku setup is neautral, with some bullish bias. Price attempts a bullish cloud breakout, which in case of a success would mean a break of the long term bearish trendline too.
- HA price action and indicators are positive
- EWO is picking up
Weekly:
- Ichimoku setup is turning to neutral from bearish. Price trades above weekly Kijun (26 weeks average)
- A possible higher low print in Dec/2021.
- Upper key levels to confirm a bullish trend reversal is around 51,15.
- Weekly EWO is still negative
This stock still has to do some hard work to reverse, but it must be put on your watchlist. In case it decisively broke out and reversed the trend, it would have a decebt upside target to around 80.
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