Shares in this article
The shares are currently trading at EUR 49.00, slightly below the resistance of EUR 50.00. The upward trend is clearly intact with rising highs and lows. As before, downward corrections should expire around the 10-EMA. As long as stocks can defend the 10-EMA area, further rising prices can be expected in the short term.
The starting target of the current upward movement should be the still open gap at 52.85 euros. Gaps are usually closed again and this big gap from October 1st shouldn’t stay open for long with a heavyweight like Bayer.
Traders could consider a long position around the 10-EMA and speculate on a further run-up of Bayer shares to the still open gap. An Open End Turbo Warrant from DZ Bank (DDL72S) on Bayer in the 10-EMA range is ideal. The price target can be seen at the upper open gap at EUR 52.85. The stop could be placed just below the low at EUR 46.00.
Underlying: Bayer (ISIN: DE000BAY0017)
Product type: Open End Turbo Warrant
Issuer: DZ Bank
ISIN / WKN Hebel product: DE000DDL72S1 / DDL72S
Duration: Open End
Course K.-o.-Call (Date): 1.94 / 1.95 (27.11.2020, 09:52 o’clock)
Base price variable: 29.98
Knock-out threshold: 29.98
Distance to knock-out: 38.86%
Stopp-Loss Long: 1,60
Target call: 2.29 (+ 17.84%)
The trading idea is a service of finanzen.net GmbH in cooperation with the service provider FSG Financial Services Group. The named service provider is solely responsible for the product selection and the content of the article.
The service provider guarantees that analyzes are drafted in compliance with journalistic duties of care, in particular the duty of truthful reporting as well as the necessary expertise, care and conscientiousness. We would like to point out that finanzen.net has currently or within the last twelve months entered into a paid advertising cooperation with issuers of certificates. Furthermore, we recommend that interested parties read the relevant and legally exclusively relevant securities prospectus (base prospectus, the associated final terms and any addendums on the website of the respective issuer) before investing in the securities mentioned in this article in order to obtain as comprehensive information as possible. This applies in particular to the risks of a possible investment in the securities mentioned.
Image sources: 360b / Shutterstock.com, finanzen.net