BAYN trade ideas
BAYER 1-2-3?Bayer with a nice 1-2-3 Setup. With this view, you can exspect a drop till 76-80€ before the next buying wave can be exspected.
Entry could be between 75-80€, SL below the downtrends bottom edge, TP could be the possible "3?" @ 95-100€
BAYER (BAYN) The 40 bn dollars bid for Monsanto, if agreed, would be one of the major blockbuster in agrochemical and seeds.
The market share by sales will be 24.6% of the market for the Argichemicals unit, and 30.2% for the Seeds unit, with a synergies of about 1.5 bn euro by 2020. We do not exclude the intervention of BASF to complete the offer and the subsequent division of market share.
