Siemens ready to breakout from the Top of a Long Term Channel - Buyers are very aggressively pushing the prices up.
"Three Soldiers" pattern in Weekly chart from previous base.
PS: Results due today.
Holding it at from 3000 levels when the stock came out from a pretty good base.
New positions to be taken after consolidation and a break out above the...
All the details are mentioned in the chart along with entry, targets and analysis.
Sell Below - 2465
Targets mentioned in the chart.
RSI in Oversold region
MACD is getting resistance
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Short Term Cash Buy SIEMENS @1260.00-1267 SL 1227 TGT 1330(gives breakout from resistance)
# Break out from R1 1243 next resistance is 1327.
# Above VWAP so a good sign.
# MACD cross over.
Buy: 1230-1233
SL 1207
TGT 1278
Reason: Just cross the TK line + MACD cross over + Above VWAP followed by crossing first resistance 1212 so second resistance is 1263 so we expect to move in the range >1250 and if breaks second resistance then move towards 1300.
The $16.4 billion purchase of Varian Medical Systems not only gives Siemens Healthineers AG an entry into cancer treatment -- one of the hottest areas in medical technology -- but also opens a potential path into Germany’s benchmark DAX index.
“We’ll create additional free float which eventually will lift us into the DAX,” Chief Executive Officer Bernd Montag...
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Siemens is in a bullish flag formation, breakout above 1148. Target of 1200 based on flag pattern and SL at 1128.
Plus there is a Doji on last close.
This is not a recommendation, just my study of the chart pattern!
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You can buy SIEMENS from 109-105
Stop-loss at 99.99
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The Siemens-share could be in a WXY formation since May 2017.
There should already be the (a) the Y nearing completion and in the range 96-97€, with a two-digit daily closing price, then turn back up.
This upswing would have to be continued until the beginning of the second quarter of 2019 before the low is formed by the middle of the year 2019.
Have set with...
