Since I published the Idea of longing BAYN, its stock price has risen 5€ per share. The next short-term prediction is around 99-100, where it will break out and reach its target price of 120€ per share. BUY BAYER, and see it as e pre-Christmas present of my part. CHART: uk.tradingview.com YOUR GREG
W1 - Double wave down, Price moving higher after reaching critical zone. Bullish divergence formed. D1 - Special cycle completed, we may expect the price to reach 50% retrace. H4 - False break on the bottom and also a false break on the top with convergence. Possible push to upside or at least in a corrective range. As long as the low at 102.11 holds, we can...
H4 - We have a classical scenario divergence followed by convergence. We saw two waves up already. Breakout of the range that formed after the first bullish leg. Price is now consolidating and divergence has started forming. H1 - There is a down trend line to follow There is already continuing divergence forming. I expect the price to find a bottom around 108.85...
I have open position on Bayer since 1st January. I like how it looks on the chart.
Entry: Break Above the Trend Line an retest Stop Loss: Below the previous swing Low Target: 144.70
Bayer have just taken over Monsanto. This is huge as it brings together two of the biggest pharmaceutical firms globally. Looking technically, I can see some severe upside where investors look to pile into this now global powerhouse (takeover valued at $68bn). I would expect a rally to $112 based off of current market structure and the bullish harami pattern. I...
FRA:BAYN Safe Trades; open.spotify.com