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Bayer AG (XETRA) Analysis, Chart, and Trading Idea


The stock is traded in the range between 365 and 135 ЕМА. The descending truncated wave structure formation ended with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator. The breach of 57.53 will start the formation of the ascending wave structure. 

Trading idea:

Buy at the breach of  57.53;

Stop-loss: 55.00;

Target price levels: 60.27, 62.60.

Author: GC
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