BradtNom

BASF - bullish trend remains intact

Long
XETR:BAS   BASF SE NA O.N.
BASF 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.

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