Siemens trading near support area if it's hold here and breaking up side with good move and close above 2200 then we can enter on this stock with strict sl of 2125 on CB.
hold this position for at least December ending we can get a good move upside.
we can get minimum upside 2300/2400 we can trade this trade as a swing trade with 1:2 risk reward ratio.
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.
The $16.4 billion purchase of Varian Medical Systems not only gives Siemens Healthineers AG an entry into cancer treatment -- one of the hottest areas in medical technology -- but also opens a potential path into Germany’s benchmark DAX index.
“We’ll create additional free float which eventually will lift us into the DAX,” Chief Executive Officer Bernd Montag...
Let me know your views.
Siemens is in a bullish flag formation, breakout above 1148. Target of 1200 based on flag pattern and SL at 1128.
Plus there is a Doji on last close.
This is not a recommendation, just my study of the chart pattern!
The 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...