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Siemens AG (SIE)This is one of the largest and best managed companies in the world. Over the last few years, the company has transformed itself significantly, dividing the management of many of the related companies and it is now branding itself as a digital technology company focused on factories and urban infrastructure. The Digital Industries division is already Siemens’ largest by sales, and operates at the highest profit margin. We believe that the support level of 120,00 euro, as shown in chart, is indeed a good entry point for a medium and long term investment, also considering the interesting dividend yield of 2.6%.
FWB:SIEShort
by mgiuliani
1
Siemens Energy about to breakout?Siemens energy (ticker ENR) has been through a recent decline, and you can take your pick from the formations but there are some observations of a reversal back up. The inverse head and shoulders looks to have broken out on Jun 29th, then suffered a one day pullback before continuing up. Today marks the price breakout of the double bottom also in this formation, with the orange line showing the peak in the double bottoms at around the 26.80 mark. You could also take the more recent peak of 26.31. RSI is above 50, approaching 60 also indicating an upward move. So with the inverse head and shoulders, confirmed by a double bottom breakout either way you slide it, and the RSI over the midpoint I'm inclined to take this trade if we're still at above 26.80 at the close. I'll have a a nearby stop in case I'm wrong.
XETR:ENRLong
by JBlack99