BASF is still well oriented and is going to new highs.

Technically, the stock is moving in an upward trend for many weeks. This movement reflects a buyer enthusiasm confirmed also by the well orientation of the moving averages. The security is going toward EUR 75.8 and would give a strong buying signal if the crossing is confirmed in daily closing.

Taking into account all these elements, investors could buy the stock if the crossing of the EUR 75.8 resistance is confirmed in daily closing. The target price is set at EUR 83. A stop loss will be fixed below the EUR 73.3 short term support, threshold that would invalidate the strategy.