When it's over? #Bayer #BAYN #tradingview

2020年10月1日

Bayer AG is still in a correction phase since April 2015.
An important support line is at EUR 44.10. This line must hodl!

Should this be broken on a weekly or even monthly basis with a closing price below it, the range of approx. 38 Euro would be the next support zone.
A closing below 38 Euro, a down move to 20-22 Euroarea would not surprise.
At 21.62 Euro, the potential wave C would be 1.618 times longer than the wave movement A. Nothing new since first analysis @ Tradingview 2018.

Interested parties in Bayer shares should wait further, if necessary, at least until the Monsanto process in California is over. Straight the coming days/weeks might become therefore interesting whether already now a trend reversal can be caused or as described above a further sales takes place.

I set my alarm clocks.
After 2018 and 2019 it is now the third long term analysis of Bayer here at TradingView.

Best regards from Hannover

Stefan Bode