BAYER
Long

BAYER found its way back to its long term uptrend channel

Chart Analysis
Let's have a look at BAY, the famous Monsanto buyer. Last weeks candle managed to close inside the long term uptrend channel and if we look at the monthly chart we can see a strong green confirmation candle forming. Of course we have still 5 trading days for this month, but maybe it works out. then it confirsnapshotms the reversal which happened at the 78.6 / 86 Fibonacci area.

risky... but there is a chance
Of course there a many risks and uncertainness in Bayer regarding the Glyphosate, but the company is looking for a roundup settlement in trails. For the marked this is good news, because Bayer accepts that they have to pay and don't fight against it.
So if they can negotiate this settlement the market has a clear number and there is an end of trails visible and possible.
Nothing is more difficult for a stock than (bad) unclarity.

Dividend
4.2% Dividend
46 % Payout Ratio

Monthly Chart
snapshot
dividendstocksTrend Analysis

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