BASF is the 4th largest DAX titel with a market capatilization of 83 Mrd. €.
It was a fantastic 2016 for BASF!
From 56,01 in February 2016 all the way up to where we are now, not far away from the ATH of the titel @ 97,22 which is not far away at all.
Therefore I would recommend to buy the breakout to a new ATH which is one of the strongest singnals a stock could generate. If BASF breaks out that would push DAX closer to its ATH at 12.400 and above.
There a several support levels above the up trend where I will try the buy in.
I a very bullish scenario the titel would not fall below 86,90.
Successful trades
It was a fantastic 2016 for BASF!
From 56,01 in February 2016 all the way up to where we are now, not far away from the ATH of the titel @ 97,22 which is not far away at all.
Therefore I would recommend to buy the breakout to a new ATH which is one of the strongest singnals a stock could generate. If BASF breaks out that would push DAX closer to its ATH at 12.400 and above.
There a several support levels above the up trend where I will try the buy in.
I a very bullish scenario the titel would not fall below 86,90.
Successful trades