Siemens Bearish AB=CD PATTERNSTOP 1354 ABOVE, TGTS 1218-1152,watch out for closings , sell on reversals
SIEMENS trade ideas
siemens trading in upward raising channel stock is clearly moving inside the raising channel in yesterday's trading touched lower channel and bounced back at close buy above 1262 for tgt of 1284/1294
Siemens long for day trade Enter only after small retrace at or near 1251 , with SL 1240 for Target is 1264
Risk to reward is not good
Cheers
Double Bottom Breakout Siemens!The stock has broke double bottom neckline thus it seems it has formed the base and wants to go up. One can buy it here or on dips for a target of 1240. Simple patterns works mostly.
SIEMENSSiemens is near support line.
Pivot point is 1089.
Supports is 1012, 971, 907 and resistance is 1154, 1201, 1236.
Multiple patterns: Bearish Head & Shoulder, Bullish BAT, Bullish Butterfly.
