Bayer AG reflects attractive technical aspects that could allow investors to expect a trend reversal over the medium term. Investors have an opportunity to buy the stock and target the € 104.
In a short-term perspective, the company has interesting fundamentals.
The share is getting closer to its long-term support in weekly data, at EUR 85.33, which offers good timing for buyers.
The close medium term support offers good timing for purchasing the stock.
The company returns high margins, thereby supporting business profitability.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
The underlying tendency is negative on the weekly chart below the resistance at 102.75 EUR
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