We can se the price in channel and on the trendline, but the price can also fall on marked support. This is a good chance to make trade with good RRR. I made more scenarios of entry.
SIE is potentially forming the right shoulder of a head and shoulder formation which topped out at 61.8% of the previous ABCD down move to 100 in Apr'18. The Donald is gunning for Germany and global trade, this can't be too good for SIE. If you see what happened to GE, this could happen to SIE considering they are in the same business. Neckline is at 116 with...
The Siemens Chart is forming a Garley Harmoninc Pattern providing information to set a short position, supported by an up coming overbought condition of the share.
When blue-chip large-cap stocks complete cycles, they are often "canaries in the coal mine" for the entire index they're part of. German public market investors should invest cautiously going forward, since a major market correction is likely to occur this year.
Big picture analysis: Strong uptrend, and currently very cheap valuation metrics.
Seeing Siemens to ascend over the coming months towards 150€ where its more fairly valued.
This does not mean we cant see in the shortterm prices below 100€, but anything below 100€ is a great long opportunity.
This stock is also great to be traded. Its easier to project more high...
We have a poential buy opportunity after a sure breakout of resistance level and with a nice bullish candlestick. 125.00 with the target zones : 129.00; 133.00. Stop loss is based on your money management.
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
