Covestro A.G. - interesting levels to watch

20 mar 2021

Covestro AG is a German company which produces a variety of polyurethane and polycarbonate based raw materials. Price is at an interesting juntion. Since the recovery of price from pandemic levels, the price has rocketed up. Along the way, price has touched/breached the 50-day MA - four times so far, including now (since march 15). The RSI is 45.10. If price can push above the 50-day MA (ca. > 58), then bullish scenario should be intact, and price continue to retest recent high of ca. 62 - 63, then 67-68. If 58 is not regained, then the next level would be around 51. Keen to know what others think. Please leave a comment or link to your own ideas! Charts are for information purposes only. Not trade suggestions. DYOR (Do your own research) - act responsibly with your money.