BAYN trade ideas
Bayer stock facing upside pressureBayer have just taken over Monsanto. This is huge as it brings together two of the biggest pharmaceutical firms globally. Looking technically, I can see some severe upside where investors look to pile into this now global powerhouse (takeover valued at $68bn). I would expect a rally to $112 based off of current market structure and the bullish harami pattern. I would also like to see end of week volumes finish extremely high.
Short Bayer AGMonthly candle is not able to take out the high of 98.28 ,
anything below 98.29 is considered as short .
BAYER (BAYN)Monsanto rejected Bayer AG ’s $62 billion takeover offer as too low. Bayer, however, has no plans to increase its offer without first reviewing Monsanto's confidential information, and probably the merger will fail.
BAYER 1-2-3?Bayer with a nice 1-2-3 Setup. With this view, you can exspect a drop till 76-80€ before the next buying wave can be exspected.
Entry could be between 75-80€, SL below the downtrends bottom edge, TP could be the possible "3?" @ 95-100€
BAYER (BAYN) The 40 bn dollars bid for Monsanto, if agreed, would be one of the major blockbuster in agrochemical and seeds.
The market share by sales will be 24.6% of the market for the Argichemicals unit, and 30.2% for the Seeds unit, with a synergies of about 1.5 bn euro by 2020. We do not exclude the intervention of BASF to complete the offer and the subsequent division of market share.
