Outlook BAYN / BAYER AG
now after Bayer agrees to the 10bln-settlement, I had a look on its share...
from the long-term point of view I'm completely convinced that the share's way too cheap at its current level.
Anyway in short-term I expect some more losses, mainly due to the current uncertainty in the market, but definitely think it's a strong buy.
Personally by looking at the chart, I expect a low around EUR 64. In case the uptrend should break, I'd expect a more bearish scenario for the next few months.
from the long-term point of view I'm completely convinced that the share's way too cheap at its current level.
Anyway in short-term I expect some more losses, mainly due to the current uncertainty in the market, but definitely think it's a strong buy.
Personally by looking at the chart, I expect a low around EUR 64. In case the uptrend should break, I'd expect a more bearish scenario for the next few months.
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