Price development in recent months suggest convergence opportunity in comming month.
Current percentage gap should be narrowed in 3-5 months time horizont.
BASF is the 4th largest DAX titel with a market capatilization of 83 Mrd. €.
It was a fantastic 2016 for BASF!
From 56,01 in February 2016 all the way up to where we are now, not far away from the ATH of the titel @ 97,22 which is not far away at all.
Therefore I would recommend to buy the breakout to a new ATH which is one of the strongest singnals a stock...
okay guys. this an update from october the 22nd (). now we have finish the impulse for the first and we can look for an update. in this chart we have a bar construction like a trendchange. it's important to know how it works. let us look the chart.
we have two lines. one is red and one is blue.
is the redline the first triggerpoint, so we look at the price at...
The recent break to the upside of a descending triangle channel looks promising, however to confirm a movement to the upside a break of the RSI descending trendline is needed. In fact, a short term bullish divergence can be seen forming in the RSI (green arrow), which if carried through could indicate the onset of a reversal.
The price has found a strong long term...
