W/D - DOWNTREND , price is making LH's and LL's.
Expecting the price to put a new LL.
There is a bearish OB on daily time frame- I would expect the price to continue it's bearish move from there.
TP's and SL mentioned on the graph!
The market is overbought. Everyone knows it. But anyway the stocks keep rising.
Today, i.e. before weekend I see the chance if not for a trend reversal so for a minor correction at least. Little profit is better than no profit.
With the last couple of impulses, we can now assume that the following movements will bring the course above the 57.06€-mark. Afterwards, we expect the price to produce more significant downward trends. Falling below 41€, however, would mean that the alternatice scenario, currently equipped with a 40% chance, will be activated, pulling us directly down towards new lows.
The technical figure Triangle can be found in the daily chart of the German company BASF SE (BAS.de). BASF SE is a German multinational chemical company and the largest chemical producer in the world. The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in...
The technical figure Triangle can be found in the daily chart in the German company BASF SE (BAS.de). BASF SE is a German multinational chemical company and the largest chemical producer in the world. The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in...
My trading idea for BASF - buy / LONG
Entry: 51.00 EUR
Target: 54.50 EUR
Stop: 49.50 EUR
After consolidating around the EUR 48.50 mark, the price rose steadily in the upward range. Support level confirmed. A further rise seems very likely.
Since the price is currently at the upper limit of the channel, I am also speculating on a short-term setback to about EUR...
The technical figure Triangle can be found in the German company BASF SE (BAS.de) at daily chart. BASF SE is a German multinational chemical company and the largest chemical producer in the world. The Triangle has broken through the resistance line on 27/05/2022, if the price holds above this level you can have a possible bullish price movement with a forecast for...
My advisor Marketmiracle generated a purchase signal on BASF at a price of 69.16 with a target price of 72.95 or with a potential profit of 5.48%
Effectively the last business results have been beyond the expectations and from the diagram it is clear as the title, after to have tried a sudden climb of fact has been collided with of the technical resistances that...
Hello dear readers,
Today I would like to look at the dividend share BASF
Chart-technical assessment
- BASF is building a bottom and thus a trend reversal.
- Crossing the trend line and the last high are the first important steps.
- Within the next weeks/months, I expect the share price to initially approach the sell zone and then to undergo a strong correction...
BASF SE is a German multinational chemical company and the largest chemical producer in the world. After the price correction of March 2020 (pandemic), the price has risen and is on its way to highs of Nov 2019. The 50 day MA (red) was recently touched, and price remains above it. RSI on the daily is above 50, indicating that the bullish trend is intact. Keen to...
Happy New Year
By Sun Storm Investment Research
A Profit & Solutions Strategy
Disclaimer: I am not a financial advisor, so please do your own research before trading anything
