BAS • BASF SE • XETRA LONG TF H4#BAS • BASF SE • XETRA LONG TF H4,
TP = 46.46 , SL = 40.20
The trend continues, the nearest support level according to my calculations TP = 46.46
BASF trade ideas
BASFY WEEKLY VIEW- SHORTW/D - DOWNTREND , price is making LH's and LL's.
Expecting the price to put a new LL.
There is a bearish OB on daily time frame- I would expect the price to continue it's bearish move from there.
TP's and SL mentioned on the graph!
OverboughtThe market is overbought. Everyone knows it. But anyway the stocks keep rising.
Today, i.e. before weekend I see the chance if not for a trend reversal so for a minor correction at least. Little profit is better than no profit.
BASF - ready to go down1-2 setup is in place. wave 3 of C is upcoming. Expect to see at least a 30-33 range for the wave C down.
not just writing what im not supposed to writemeaningfull blabla and so on and gosh its a very brief description
BASF: Big Time Move!With the last couple of impulses, we can now assume that the following movements will bring the course above the 57.06€-mark. Afterwards, we expect the price to produce more significant downward trends. Falling below 41€, however, would mean that the alternatice scenario, currently equipped with a 40% chance, will be activated, pulling us directly down towards new lows.
BASF N (BAS.de) bearish scenario:The technical figure Triangle can be found in the daily chart of the German company BASF SE (BAS.de). BASF SE is a German multinational chemical company and the largest chemical producer in the world. The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas and Africa. BASF has customers in over 190 countries and supplies products to a wide variety of industries. The Triangle broke through the support line on 29/11/2022. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 6 days towards 46.36 EUR. Your stop-loss order, according to experts, should be placed at 49.96 EUR if you decide to enter this position.
German chemicals giant BASF said it would downsize permanently in Europe, kindling concerns that persistently high energy prices could lead to a deindustrialization of the continent.
The company will slash costs in Europe by 500 million euros, or $501 million, annually up to 2024, focusing on cost savings in non-production units in its operating, service and R&D divisions as well as in its corporate headquarters.
The company said that in the first nine months this year, gas costs at its European sites were about €2.2 billion higher than a year earlier.
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BASF SE (BAS.de) bullish scenario:The technical figure Triangle can be found in the daily chart in the German company BASF SE (BAS.de). BASF SE is a German multinational chemical company and the largest chemical producer in the world. The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas, and Africa. BASF has customers in over 190 countries and supplies products to a wide variety of industries. The Triangle broke through the resistance line on 03/09/2022, if the price holds above this level, you can have a possible bullish price movement with a forecast for the next 20 days towards 45.93 EUR. Your stop-loss order, according to experts, should be placed at 40.21 EUR if you decide to enter this position.
BASF stock should be very attractive to investors, given its recent performance. In a macroenvironment where costs are eating into the bottom line of every company, the firm managed to buck the trend. Sales reached 23 billion Euros in Q2, increasing by 16.3%. Net income increased by an even greater 26.3%, reaching 2.1 billion Euros. The strong quarterly results led BASF to increase sales guidance to between 86 to 89 billion Euros for 2022.
CEO Martin Brudermuller succinctly summarized the situation, “Despite the continued high raw materials and energy prices, we again achieved strong earnings in the second quarter.”
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Trading Idea - #BASF My trading idea for BASF - buy / LONG
Entry: 51.00 EUR
Target: 54.50 EUR
Stop: 49.50 EUR
After consolidating around the EUR 48.50 mark, the price rose steadily in the upward range. Support level confirmed. A further rise seems very likely.
Since the price is currently at the upper limit of the channel, I am also speculating on a short-term setback to about EUR 51.00. This is also my entry into the LONG position.
Positive Area of support at around 46 , positive divergence in the 4h time frame , over sold Rsi below 30
BASF SE (BAS.de) bullish scenario:The technical figure Triangle can be found in the German company BASF SE (BAS.de) at daily chart. BASF SE is a German multinational chemical company and the largest chemical producer in the world. The Triangle has broken through the resistance line on 27/05/2022, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 8 days towards 53.32 EUR. Your stop loss order according to experts should be placed at 48.62 EUR if you decide to enter this position.
German chemical group BASF (BAS.DE) warned it could be hit by the fallout from Russia's invasion of Ukraine and counter measures in China to curb rising coronavirus infections. However, the world's biggest petrochemical firm's margins jumped as it benefitted from passing soaring raw material costs to industrial customers.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BASF this is what I expect from such a companyMy advisor Marketmiracle generated a purchase signal on BASF at a price of 69.16 with a target price of 72.95 or with a potential profit of 5.48%
Effectively the last business results have been beyond the expectations and from the diagram it is clear as the title, after to have tried a sudden climb of fact has been collided with of the technical resistances that have rejected it.
Now seems back the time of collection and, considering also the market sentiment that has returned slightly positive (0.02) we should start to see an increase in prices definitely up to the price of 72.95 indicated by the advisor but perhaps even beyond.
It might therefore be interesting to start taking positions on BASF and then assess whether to close at that level or let go of positions for a more consistent climb.
This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
65% trade planned - BASF share price analysisHello dear readers,
Today I would like to look at the dividend share BASF
Chart-technical assessment
- BASF is building a bottom and thus a trend reversal.
- Crossing the trend line and the last high are the first important steps.
- Within the next weeks/months, I expect the share price to initially approach the sell zone and then to undergo a strong correction to the buy zone.
- The subsequent rally should complete the bottoming and approach the target zone in a strong impulse movement.
The plan
- I do not want to start a short trade
- If the price approaches the buy zone, I would like to establish a long position here.
- The buy zone, just like the target zone, must be precisely adjusted later on. For this, a trend reversal towards the buy zone must first take place and the corresponding last high must be established.
- So far it is only a loose plan, updates of the idea will continue to be published by me here.
If you want to support my work I would be happy about a Like & Follow 🙏
Many greetings & success!
Chartdigger
BASF - bullish trend remains intactBASF SE is a German multinational chemical company and the largest chemical producer in the world. After the price correction of March 2020 (pandemic), the price has risen and is on its way to highs of Nov 2019. The 50 day MA (red) was recently touched, and price remains above it. RSI on the daily is above 50, indicating that the bullish trend is intact. Keen to know what others think. Please leave a comment or link to your own ideas! Charts are for information purposes only. Not trade suggestions. DYOR (Do your own research) - act responsibly with your money.
BASF target price 68.87€ +23%BASF has activated a second impulse structure with target price at 68.87€ +23% from current price.
BASF: Buy & Hold: GermanyHappy New Year
By Sun Storm Investment Research
A Profit & Solutions Strategy
Disclaimer: I am not a financial advisor, so please do your own research before trading anything
Outlook BAS / BASF SEI expect BASF to drop together with the whole market within the next few days.
On the bottom side I see space up to EUR 44,60, following the trend line.
A following recovery seems to be likely as well.
LONG // BAS // EU STOCKSTrade Safe! Don`t be greedy!
Take care and place small trades! If necessary, I will place more long trades at this asset! All new information or recommendations I will post on the comment section of this idea!
In my opinion, this stock is at a good opportunity and has good potential for the stock price to go up!
BASFHey Friends, here my idea to BASF (Chemical Concern). Termination of the shaft (c) - 2 ?
(You can find all further information in the Chart)
*Just my opinion no financial advice.*
