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DEU30

SIEMENS ENERGY - prime example of technical analysis!Hello dear readers, Today I have brought you SIEMENS ENERGY, a particularly exciting stock. Due to the low price history, it shows us in a perfect example what technical analysis can do! First a few facts Siemens Energy AG Legal form: stock corporation ISIN: DE000ENER6Y0 Incorporation: 1 April 2020 Headquarters: Munich, Germany Management: Christian Bruch (CEO), Joe Kaeser (Chairman of the Supervisory Board) Number of employees: approx. 92,000 Turnover: 27.5 billion euros Sector: Electrical engineering, power engineering Website: www.siemens-energy.com Brief portrait Siemens Energy AG is an electrical and power engineering company based in Munich. Its portfolio includes power generation, power transmission and industrial solutions in both conventional and renewable energy. The renewable energy activities are managed by the subsidiary Siemens Gamesa. Siemens Energy was created through a spin-off from Siemens AG. The shares of the new company have been traded on the stock exchange since 28 September 2020. Chart assessment The chart is wonderfully clean, the structure is undoubted and clear. A clear rally can be seen, followed by a correction, in which the share price currently finds itself. This gives us the perfect setting to apply technical analysis! Basically, many people are currently thinking of buying into this share. But when and at what price? This is exactly where technical analysis can help by pointing out points of interest! In other words: Instead of simply entering somewhere, we use corresponding circumstances that can be determined by a clear set of rules and at which there is a higher probability that the price will react as we would like. - The price is in a potential positive trend (confirmation by a new high is still missing). - Currently the price is in a consolidation in the form of a bull flag . The trend lines of the bull flag are clean and clear on both the upper and lower side! - The normal correction of this movement is at the Golden-Pocket at approx. 24 points. And what does this bring us now? Purely visually, a lot is already clear here! Does it make sense to buy on the off chance within a negative trend channel? Probably not, at least from my point of view! Instead, I want to determine points at which I expect the probabilities to shift in my favour! Since this chart is so wonderfully clean, the simple structure does not obstruct the view of the essentials. From this, exactly 2 possibilities can be derived for me! The plan 1. the golden pocket, as support of the trend and starting point of the normal correction, is always a good choice. So if the price should run up to the zone around 24 points again, I will start building up my long-term long position here. In 99% of cases, the golden pocket is the only point where I am prepared to buy into a negative secondary trend. 2. classic: the break of the bull flag . This indicates a change in the market structure and an end to the correction. The break of a flag is a sign of departure. Of course, we also get false signals here, but such situations are quite accurate. Price targets - The possible price targets of a breakout cannot be determined precisely at present. For this it is necessary to first guess the low of this movement. Assuming that the correction would run here to the golden pocket, we are talking about a price target around 40 points. Updates on this topic will follow. If you want to support my work please Like & Follow 🙏 Many greetings & success! Chartdigger
SWB:ENRLong
by CRV_Trader
65% trade planned - BASF share price analysisHello dear readers, Today I would like to look at the dividend share BASF Chart-technical assessment - BASF is building a bottom and thus a trend reversal. - Crossing the trend line and the last high are the first important steps. - Within the next weeks/months, I expect the share price to initially approach the sell zone and then to undergo a strong correction to the buy zone. - The subsequent rally should complete the bottoming and approach the target zone in a strong impulse movement. The plan - I do not want to start a short trade - If the price approaches the buy zone, I would like to establish a long position here. - The buy zone, just like the target zone, must be precisely adjusted later on. For this, a trend reversal towards the buy zone must first take place and the corresponding last high must be established. - So far it is only a loose plan, updates of the idea will continue to be published by me here. If you want to support my work I would be happy about a Like & Follow 🙏 Many greetings & success! Chartdigger
XETR:BASLong
by CRV_Trader
DAX / GER30 / DEU30, daily tf, sell the shooting star candleHello my friends, Second setup for today is German index which is known as DAX. Some brokers use DAX on it quotation, others use GER30 / DEU30. Anyway, they are the same indicies if i am not wrong. Feel free to correct me if i am wrong. There is a shooting star candle / bearish pinbar candle on the daily timeframe. It appeared exactly at horizontal resistance. This indicates sellers currently winning over buyers. As you could see, there is also a big gap on DAX chart so we could see price drop to fill this gap first. Sell DAX / DEU30 / GER30 13095 Stop loss 13215 Take profit 12615 (4R) RR ratio 1 : 4 Use only 1-2% risk Good luck Disclaimer : I am selling DAX from 13095
TVC:DEU40Short
by HayatoDragonFX
DAX: Targets 14,190s or Slightly Higher as Bull Run TopHello traders, The DAX is currently grinding within a Wave 5 channel with slightly increased volatility on its way to a new ATH. Trading action is highly indicative of a Wave 5 and most of the world markets are on the verge of their final Bull Run Top (please see my related ideas that I posted recently attached below). I believe the DAX will start to top out around 14,190s but could go a little bit higher. The ATH should be reached within the first half of October before we begin an ABC correction down to at-least the 10,000 level by the end of Q1 2021. -zSplit
TVC:DEU40
by PaulDeep19131
On the way to the All-time highs zone / DAXMain items we can see on the chart: a) The price has been on a bullish trend since MARCH 2020 b) Currently, we can see the price outside the ascending channel c) However, we do not consider it as a reversal signal yet d) We expect the price to reach the next resistance zone (all-time highs) There we will pay attention for possible reversal or continuation patterns e) Currently, we can see a small correction. (We expect a bullish resolution IF the price breaks above it)
TVC:DEU40
by ThinkingAntsOk
1
DAX MNT: Setting up for 30%+ correction(SL/TP)(NEW)Why get subbed to to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates DAX MNT: Setting up for 30%+ correction(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: DAX monthly chart review and outlook ::: V-shape recovery almost complete now ::: 13 400 - 13 500 heavy overhead liquidity ::: GAP is getting filled and then we are getting ::: a 10-15% correction in August/September 2020 ::: up to 30% correction next 6/9 months ::: long-tern distribution in progress ::: we are stuck in range for 2 000 days now ::: not a BULLISH sign ::: Seasonality: August/September WORST month for STOCKS ::: Recommended strategy: SHORT IT 13 400 - 13 500 ::: SL 5% TP1 15% TP2 +25% ::: SWING trade setup for patient traders ::: do not expect fast/overnight gains ::: good luck traders 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9/Combo update: N/A ::: Sentiment short-term: BULLS ::: Sentiment outlook mid-term: BEARS/REVERSAL
TVC:DEU40Short
by ProjectSyndicate
6