Bearish RSI divergence and rising wedge break down below 1304 for 1273-1254 sl 1332
stock is in up trend trading in raising channel in verge of break out might attempt to touch the higher end of the channel soon
stock is trading between middle and upper channel of BB now close to breaking down to test mid and lower band towards 1276/1272/1260
STOP 1354 ABOVE, TGTS 1218-1152,watch out for closings , sell on reversals
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
Enter only after small retrace at or near 1251 , with SL 1240 for Target is 1264 Risk to reward is not good Cheers
Siemens forming a triangle, breakout above 1225 for target of 1310.
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.
Siemens 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.