SIEMENS trade ideas
SIEMENS (SIE): Close To Buy Zone
3 years long bearish trend on siemens is considered to be broken according to technical rules.
the market has clearly broken above a resistance line of a bullish flag formation violating the last lower high.
now the market is retracing,
the underlined area around 100.0 level gives us a perfect opportunity to buy the stock on a good discount.
this zone is based on the perfect confluence of fib.levels and structure.
buying from that we can aim at 119.0 level as the initial target
and 132.0 as the second one.
good luck!
Buy the SIE dipSiemens has dropped more than 10% from its highs back in December following a 2% earnings miss and negative press due to an Australian coal project.
Even though Earnings where dissapointing Siemens is holding on to its Vision 2020 strategy which will reshape the business into two divisions: Smart Infrastructure, and Digital Industries as well as some partly owned businesses.
This streamlining should drive growth, increase margins and cash generation.
The stock is now trading at its 200 day MA and I believe this is definitely buying opportunity.
Siemens - WXY FormationThe 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 alarm clock to 97€ and then look for the trend reversal.
Greetz from an Eichsfelder from Hanover.
Stefan Bode