Bayer AG (XETRA) Analysis, Chart, and Trading Idea

#BAYN
 

The stock is traded in the range between 365 and 135 ЕМА. The descending truncated wave structure formation ended with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator. The breach of 57.53 will start the formation of the ascending wave structure. 
 

Trading idea:

Buy at the breach of  57.53;

Stop-loss: 55.00;

Target price levels: 60.27, 62.60.