Trading Idea - Siemens GamesaBUY
ENTRY:32.20 EUR
TARGET: 40.00 EUR
STOP: 28.26 EUR
1.) After a strong upward movement we see a correction/bounce to the 50% Fibonacci Retracement level! A trend continuation is expected!
2.) The business figures of the wind turbine manufacturer are solid overall.
3.) Biden's climate goals strengthen the wind and solar values in the USA. Siemens Gamesa should also benefit.
Gamesa
GAMESA | CLEAR HOLDWell... I guest most or all of my followers wont know what share is this. Gamesa is a share at the spanish index. I've compared this one with it's index.
Gamesa is also in talks with Siemens to create the biggest eolic company. The price jumped 20% the 29th of Jan.
We could see the price going up (even if there aren't news from Siemens) thx to the bounce coming in the next days due to the oversold and panic.
Would be a share to take an eye on it and a nice hold during the negociations with Siemens . Price could be between 17-19 per share.
Regards and Happy trading!
