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
Incorporation: 1 April 2020
Headquarters: Munich, Germany
Management: Christian Bruch...
ENTRY: 24.42 EUR
TARGET: 30.00 EUR (+22% profit)
STOP: 22.18 EUR
Siemens Energy AG is active in energy technology. The company focuses on the planning, development, manufacture and delivery of products, systems and services in the field of renewable energies with a focus on wind turbines.
1.) W're hitting on the bottom of a strong support area (24.50 -...
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...
Today is the day, the Dax gets another family member from the Siemens family. In addition to Infineon, we can now also find Siemens Energy AG in the Dax. This special occasion, as well as an article from a well-known trade journal (pages 32/33) awakened my focus for the Siemens Group. In addition to Siemens Energy, I would also like to take a close look at the...
This analysis is done purely on basis of price action and chart patterns
Analysis is done on Daily TF hence it may take few days to few weeks for price to reach the given target.
This is not a trade recommendation. Do your own study before entering into any trade.
Trade with your own risk & money management.
Feel Free to comment for any query or suggestion.
Reason: Just cross the TK line + MACD cross over + Above VWAP followed by crossing first resistance 1212 so second resistance is 1263 so we expect to move in the range >1250 and if breaks second resistance then move towards 1300.