An important support line is at EUR 44.10. This line must hodl!
Should this be broken on a weekly or even monthly basis with a closing price below it, the range of approx. 38 Euro would be the next .
A closing below 38 Euro , a down move to 20-22 Euroarea would not surprise.
At 21.62 Euro , the potential wave C would be 1.618 times longer than the wave movement A. Nothing new since first analysis @ Tradingview 2018.
Interested parties in Bayer shares should wait further, if necessary, at least until the Monsanto process in California is over. Straight the coming days/weeks might become therefore interesting whether already now a trend reversal can be caused or as described above a further sales takes place.
I set my alarm clocks.
After 2018 and 2019 it is now the third long term analysis of Bayer here at TradingView.
Best regards from Hannover