Bayer: the model's doubts get confirmed
Bayer drops 6.1%, confirming the weakness signals flagged at the open
Bayer: the model's doubts get confirmed
Our view last week
Bayer AG opens week 1 of a buy signal and immediately takes the top spot among the 62 open buys for European-UK stocks, with a signal strength of 89 out of 100 and a trade already up 13.53%. The confirmation week closed higher, but our model reads underlying technical weakness and recommends a cautious trim on part of the position.
This week's summary
Bayer gave back 6.1% in this confirmation week, with sellers back in control on the last bar: the same weakness our model had already flagged last week, despite the earlier positive close. The buy signal still ranks 1st among 60 open European Longs, signal strength 89, and the trade is now up 6.64%. Discipline calls for a cautious trim, with the first window four weeks away.
IQS Phase
64
ordinary
Signal Strength
89
high · wide move
Sizing
FULL
Ranking
#1 / 60
EU-UK stocks in progress
Trade P&L %
+6.64%
from signal to today
restricted Platinum content