The Bayer-Aktie (WKN: BAY001) established a multi-year downward trend starting from a record high recorded in 2015 at EUR 146.45. In October 2020, it marked a 9-year low at EUR 39.91. Then the share certificate could primary uptrend develop, which is still intact. As part of a second upward wave from the reaction low of EUR 43.91 seen in December 2021, the price rose to a price recorded on April 13, 2022 2-year high at EUR 67.99 screw up. Course events since then can be viewed as overriding sideways correction above the correction lows seen in October at EUR 46.70 be classified. The current three-wave pullback from the February high (EUR 65.66) hit midweek significant support cluster in shape, among other things, the Uptrendline from the October 2020 low and the fallen support line along the lows of the past few weeks. From the Low at EUR 49.47 the paper showed a clear backlash. Previously, the momentum-based indicators signaled a loss of downside momentum with bullish divergences in the oversold territory. The Opportunity for further stabilization and recovery movement as part of the medium-term downward trend is thus significantly increased. Potential next barriers and recovery targets are located at EUR51.11-51.62 and EUR52.40/52.69. A noteworthy brightening of the medium-term chart picture would only occur above the massive resistance zone at EUR 53.42-54.95. A sustained slide below EUR 49.47 at the end of the day would meanwhile significantly cloud the overall technical picture with downside risks in the direction of initially EUR 48.31 and EUR 46.70.