Bayer: double bottom and upside break, top-ranked among new European longs

A new buy signal triggers on Bayer AG at week 1: signal strength at 75 out of 100, ranked 1st among the 5 new longs for EU-UK stocks in our model. The reference sector ETF (EXV4) gained 5.6% this week. On the daily chart, a double bottom in the 34 area — with an 8% intermediate rebound — underpins the setup. A solid technical base supporting a new signal, to be managed with the caution a first-week entry deserves.