Bayer AG - time for first long positions - wait for confirmation
After weeks of price dumps the Bayer AG chart is first time near real support zones (between 57 - 63) which I already analyzed in my first Bayer AG analysis from August 17.
If the next weekly candle is green we can expect the start of a recovery run because Bayer is now fair valued.
But don't forget that further legal proceedings are open and could still be followed by large fines but the fines so far did not really hurt Bayer's result, which argues that Bayer has a very healthy corporate structure and profits are made abundantly.
If the next weekly candle is green we can expect the start of a recovery run because Bayer is now fair valued.
But don't forget that further legal proceedings are open and could still be followed by large fines but the fines so far did not really hurt Bayer's result, which argues that Bayer has a very healthy corporate structure and profits are made abundantly.
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
