Germany: Bayer shares price is about to fall – Analysis – 18-3-2019

Bayer shares price confirmed its affection by the domination of the bearish bias by providing frequent negative closings below 68.90 resistance, to notice the frequent pressure on the initial support 67.60, while getting new negative momentum and breaking the current support will confirm the preparation to form strong negative attack to target 66.25 followed by 64.90 levels.

Stochastic attempt to crawl below 50 level eases the attempt to gather the additional negative momentum to increase the chances of achieving the required break to open the way to reach the suggested negative stations.

The expected trading range for today is between 68.15 and 66.25

The expected trend for today: Bearish