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...
I expect the price to bounce from the 100 lvl (this would be the area where you want to buy)
And then I have a target of 30% where I definitly will start to take profits.
KEEP IN MIND this is a VERY VERY long trade/investment.
SIE is potentially forming the right shoulder of a head and shoulder formation which topped out at 61.8% of the previous ABCD down move to 100 in Apr'18. The Donald is gunning for Germany and global trade, this can't be too good for SIE. If you see what happened to GE, this could happen to SIE considering they are in the same business. Neckline is at 116 with...
When blue-chip large-cap stocks complete cycles, they are often "canaries in the coal mine" for the entire index they're part of. German public market investors should invest cautiously going forward, since a major market correction is likely to occur this year.
Big picture analysis: Strong uptrend, and currently very cheap valuation metrics.
Seeing Siemens to ascend over the coming months towards 150€ where its more fairly valued.
This does not mean we cant see in the shortterm prices below 100€, but anything below 100€ is a great long opportunity.
This stock is also great to be traded. Its easier to project more high...
We have a poential buy opportunity after a sure breakout of resistance level and with a nice bullish candlestick. 125.00 with the target zones : 129.00; 133.00. Stop loss is based on your money management.