… and the Bayer share could finally put a long drought reproache with the files. But one after the other: thanks to the recapture of the 200-day line (act. At EUR 23.61) and the break of the downward trend since April 2023 (act. At EUR 23.59), the title recently sent two important signs of life. What is still missing from a chart -technical point of view is a sustainable recapture of the horizontal barriers at around EUR 25. For over a year now, the paper in this haze has repeatedly pronounced important high and low points. The most important thing, however, is that a sprint over this key level would complete the double floor of the past few months – defined by the lows at 18.41/18.38 EUR (see chart). The high relative strength (Levy) and the existing MACD purchase signal favor this liberation. Speaking of MACD: The trend successor was also able to generate a new entry signal on a monthly basis. Purely mathematically, completed ground formation has a connection potential of around EUR 7. On the way to exhausting this course potential, the resistances define a striking stage at a good EUR 30. The OG 200-day line is predestined as protection.
Bayer (Weekly)
Source: LSEG, Tradesignal² / 5-year-old in the appendix
5 year chart Bayer
Source: LSEG, Tradesignal²
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