BAYN Bayer is looking at a possible rebound after the stock rose strongly and attempting to break above the bearish gap seen. Ichimoku is showing a strong bullish signal and we believe near-term should see further upside.
Long-term MACD is back to the positive. Stochastic confirms the bullish momentum and has yet to see overbought signal yet. 23-period ROC is above the zero line and volume is healthy.
Key support is 20,615
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.