Bounced nice of support Zone and touched trendline. Will Need some more time to consolidate with fading Volume. Then should start to move up to recent highs at least.
EMA 200 = Longtrigger?
Siemens is really trendy. At present we have nearly reached the EMA 200 wich is based at the midterm uptrends bottom edge. Could SIE break the shortterm downtrend a former buying wave could be exspected
W1 - Potential div started to form already. We get a confirmation on the D1 chart with another bullish divergence
D1 - Following two support zones where we might see a reversal. First zone is around 116 and next one is around 108.50
Remember that we are looking for a breakout above the most recent valid high and the most recent trend line, before we even...
Go long at monthly demand zone around 106.50 on Siemenes #SIE German Stock. Clear big picture long bias with demand zones being created, nothing to be removed to the left at all time highs. Previous monthly demand held very well a couple of retests.
Looks like a shorttime swing trade possibilty. It's near the trend-support-line.
Siemens also has been trending up a long time already.
Furthermore is a top-value stock.
Siemens is the 2nd largest DAX titel with a market cap of about 98.7 Mrd. €
Watch for range break out over 118,40 €
I think that you can call yourself lucky to buy in between 111-113 €
Next target is 125 €
Under about 99,40 € the idea and the trend is dead
