BAYER AG: WEEKLY SCENARIO – 16 February 2022

Technical Analysis

BAYER AG Technical Analysis: Weekly Chart

BAYER AG Technical Analysis

In the weekly charts, BAYER AG is trading in an up channel.

It is trading above all SMA.

The immediate support is 52.41 & the resistance level is at 55.25.

BAYER AG is trading in the up channel until there is a trend reversal

BAYER AG Technical Analysis: Daily Chart

BAYER AG Technical Analysis

In the daily charts, BAYER AG is trading in an up channel.

It is trading above all SMA.

The immediate support is 53.49 & the resistance level is 54.57.

BAYER AG is trading in the up channel until there is a trend reversal.  

How to Trade BAYER AG this Week:

BAYER AG will follow the uptrend until their trend reversal. So, remain bullish on BAYER AG

TRADE SUGGESTION- BUY AT 54.18, TAKE PROFIT AT 54.57 AND STOP LOSS AT 53.59

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