Siemens is a continuation stock from the previous week. It tried to break the range only to be rejected and it fell back within the zone. The price is still in and around the resistance zone and ideally should test it through this week as well. However a weakness might drive the prices down further. Look for a clear breakout over the channel/below the red line to initiate any trade, the way volatility is going its hard to really anticipate one sided movement so always trade with sufficient buffer and hedges.
With US elections coming in the markets are going to be more volatile and moves might now follow technicals as efficiently as it does in a normal market.
Trade with Caution
With US elections coming in the markets are going to be more volatile and moves might now follow technicals as efficiently as it does in a normal market.
Trade with Caution