Short term view - BASF : The moving average is supporting prices.
The trend is still bullish. No indicator nor pattern are questioning it. The invalidation is below €76.60. The target is at €90.41Arguments :
- The moving average is supporting prices.
- The bullish gap opened as prices break out of the pattern announces a rally.
BASF is a chemical company based in Germany. Co. conducts its operations through five reportable segments: Chemicals, which comprises the Petrochemicals, Monomers and Intermediates divisions; Performance Products, which consists of the Dispersions & Pigments, Care Chemicals, Nutrition & Health and Performance Chemicals divisions; Functional Materials & Solutions, which comprises the Catalysts, Construction Chemicals, Coatings and Performance Materials divisions; Agricultural Solutions, which comprises the Crop Protection division; and Oil & Gas, which is composed of the Oil & Gas division.
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