98,2€/share will be the next resistance where the stock will be bouncing around until it crashes through 100 and reaches my first long term goal of 116€.
Hence, BUY BUY BUY BUY BAYER lads.
Have fun watching you wealth increase.
C y all,
Greg$
uk.tradingview.com
My two other long recommendations have been correct. My third one will be as well.
As you can see, the stock BAYN bounces around the former support that I have drawn in the second recommendation.
On Friday, the stock closed with a positive DOJI, just over the support line. Since the stock will open higher on Monday, I suggest that you open a long order @97.8€...
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
Currently having some problems with some products, the M&A of Bayer and Monsanto will significantly impact Bayer's stock price in a positive way. In my eyes, it is a 3 months investment. I bought at 92 high. It's still a great price.
Let s make it together.
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...
The main analysis is done on the weekly chart.
The stock is currently downtrending. There was a short uptrend but volume didn't follow.
Therefor I believe the downtrend will resume.
So it looks like it is time go short again (soon).
On the daily we see the development of a value area.
A nice entry would be around 111 EUR.
I will trade this one with a Turbo Short...
Bayer is forming a bearish pattern, a H&S! Breaking the neckline could be a nice procyclical entry (stoppsell), the sl should be placed near above the right shoulder...after the breakout the sl should be adjusted near the entry ~ a bit above the neckline.
Trading above the possible ricght shoulder will brighten the Chart.
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 suggest to go short and take profit at one of the support levels.
PRO:
1) Lots of volume on a bearish bar, it feels like the beginning of a mark down phase.
AGAINST:
1) The price gapped up twice before, so there may be strong support
2) I see alteast 3 support levels (the purple lines) (if all 3 of them get broken you can go short long time)
3) The price may...
