BAYN trade ideas
Bayer pharmaceutical stock long term buy opportunityBayer stock is a life science company trading on the German stock exchanges with the symbol BAYN. The Company’s segments are Pharmaceuticals, Consumer Health, Crop Science and Animal Health. The Pharmaceuticals segment focuses on researching, developing and marketing prescription products and speciality therapeutics, especially in the areas of cardiology, oncology, gynaecology, haematology and ophthalmology, as well as radio-pharmacology and others. The Consumer Health segment develops, produces and markets nonprescription over-the-counter.
Bayer AG stock is a German company trading in the German Stock Exchange. It is one of the biggest and most important pharmaceutical companies in the world. I doubt that you’ve never heard from Bayer AG, because its products range from the famous Aspirin to even “more popular” Viagra 🙂 Now, I believe you are probably smiling and remembering this company 🙂 Before starting to write this blog post on Bayer, I googled the company name to try and find some extra information I could add, that would either support or negate the strong rally we are expecting on this particular pharmaceutical German stock.
Bayer - neutral for now with bullish potentialBayer AG is a German multinational pharmaceutical and life sciences company and one of the largest pharmaceutical companies in the world. Bayer hasn't had the easiest of times, with the price in decline since all time highs in 2015. Contributing factors to the price decline could be the Monsanto acquisition of 2016. In near-term, the RSI is bullish (>50) on the daily chart, and is looks like the 50-day MA will soon move above the 200-day MA. This crossover, when it happens, is considered bullish. Keen to know what others think. Please leave a comment or link to your own ideas! Charts are for information purposes only. Not trade suggestions. DYOR (Do your own research) - act responsibly with your money.
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Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.
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BAYER - buying stock soon?The report for the 2nd quarter was very bad for the company. But the situation is likely to start to improve as the economy starts, so you should watch the next report. The stock price is also approaching a strong support level of around 35 €, from which you can consider buying. If the situation develops well, we can expect the price to come out of the descending pennant with targets up to 70 €.
When it's over? #Bayer #BAYN #tradingviewBayer 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
BAYERHello everyone,
A good opportunity has been detected on the BAYER stock.
After strong downward movement on the BAYER, the price
found support on a strong support level, bounced and
is currently correcting to the upside.
We are expecting the price to reach approximately the 62.150
price level, where we have a 38.2% Fibonacci retracement level,
an inside resistance point, as well as the 100 Moving Average
and the 200 Moving Average.