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pardis
Jan 9, 2023 5:24 PM

Siemens ,,, Buy opportunity  Long

SIEMENS AG NA O.N.XETR

Description

Uptrend
It's a breakout and as you see the trend is favorable for getting a buy position be setting SL at a good place. Next target can be about 157 .
Comments
Samster2307
How certain are you that Siemens will reach this high? I have certainty it could based on fundamentals alone. I read from Reuters that the failed windmill component is no different than any other past failure, it should be fixed quickly.
pardis
@Samster2307, I suppose its gonna have a correction wave to an area between 120 and 130.
Samster2307
@pardis do you think it can reach higher up to 174.96?
pardis
@Samster2307,considering the sentiment of the economy and whole of market, its unlikely.
Samster2307
@pardis do you think it can bounce off upwards on 130? I see a strong support in that area
pardis
@Samster2307, I do agree but lets see what will happen there. All analysis are based on possibilities.
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