#SIEMENS: Bearish Setup for Now
My indicator recently gave a SELL signal on #SIEMENS. Here's what the chart indicates:
📉 Technical Overview:
🔹 Triple top pattern formed—a bearish signal.
🔹 Trading below all key moving averages, which are sloping downward.
🔹 Indicates a digestion phase after a strong run-up in the past.
📊 Fundamental Context:
🔹 Fundamentals remain strong, so a reversal wouldn’t be surprising.
💡 My Take:
For now, the chart signals weakness, and I’ll wait for a positive setup before considering any action.
⚠️ Disclaimer:
🔹 This analysis reflects my personal views and is for learning purposes only.
🔹 Not a recommendation to buy or sell—please do your own research or consult a professional.
📉 Technical Overview:
🔹 Triple top pattern formed—a bearish signal.
🔹 Trading below all key moving averages, which are sloping downward.
🔹 Indicates a digestion phase after a strong run-up in the past.
📊 Fundamental Context:
🔹 Fundamentals remain strong, so a reversal wouldn’t be surprising.
💡 My Take:
For now, the chart signals weakness, and I’ll wait for a positive setup before considering any action.
⚠️ Disclaimer:
🔹 This analysis reflects my personal views and is for learning purposes only.
🔹 Not a recommendation to buy or sell—please do your own research or consult a professional.
Trade active
📢 Trade Update: 
SIEMENS
Hello, Traders! 👋
Since my SELL signal on #SIEMENS, the stock is now down 6%. The chart continues to reflect weakness, aligning with the earlier analysis. Staying disciplined and watching closely for any potential setup in the future.
#StockUpdate #TradingView #MomentumTrading #SIEMENS
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.