Lanxess continues its bullish rally to test new highs.

The high levels of valuation show the interest of investors for this security.

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 67.5 and would give a strong buying signal if the crossing is confirmed in daily closing.

Therefore, investors will benefit from the signal given by the crossing of the EUR 67.5 resistance to take a long position in the stock. The objective will be set near EUR 74.3. Once the position is opened, a stop loss should be fixed under effective entry point to guard against a trend reversal.