SIE trade ideas
SIE: Potential head & shoulders formation for -12%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 the a potential downside target to 100, -12% move. Potentially we might see an overshoot to 95, which would link this down move to the previous ABCD for a 135 pattern. Only question is if do you want for the neck line to get broken or take a small flyer at current prices?
SIA is forming a Gartley Bearish patternThe Siemens Chart is forming a Garley Harmoninc Pattern providing information to set a short position, supported by an up coming overbought condition of the share.
Siemens AG putting in the last leg of a major cycleWhen 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.
SIEMENS is my favourite DAX stock for the months to comeBig 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 probability setups on stocks then in forex imho.
Any dips below 100€ shoule be used to play the long side.
Do your own research this is just my opinion.
Siemens Buy IdeaW1 - Potential div started to form already. We get a confirmation on the D1 chart with another bullish divergence
D1 - Following two support zones where we might see a reversal. First zone is around 116 and next one is around 108.50
Remember that we are looking for a breakout above the most recent valid high and the most recent trend line, before we even consider going long here.
Go long at Siemenes #SIE German stock monthly demand levelGo long at monthly demand zone around 106.50 on Siemenes #SIE German Stock. Clear big picture long bias with demand zones being created, nothing to be removed to the left at all time highs. Previous monthly demand held very well a couple of retests.