BASF SE

What a perfect 2016 for BASF....to be continued?

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BASF is the 4th largest DAX titel with a market capatilization of 83 Mrd. €.

It was a fantastic 2016 for BASF!

From 56,01 in February 2016 all the way up to where we are now, not far away from the ATH of the titel @ 97,22 which is not far away at all.

Therefore I would recommend to buy the breakout to a new ATH which is one of the strongest singnals a stock could generate. If BASF breaks out that would push DAX closer to its ATH at 12.400 and above.

There a several support levels above the up trend where I will try the buy in.
I a very bullish scenario the titel would not fall below 86,90.

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