Technical Analysis of (ETR: SIE), Siemens AG:
Siemens AG: The technical looks that major trend is bullish, but in short-term price trending into downside, and forming, support zone and double bottom at the level of 99.7, ( 52 WEEK LOW AT SAME PRICE) price also following three drive down pattern, in the weekly chart which 3rd drive is forming and if complete, and break support zone of 99.7 then its pattern may comes near to level of 90. if we take a long picture in monthly chart price following upside uptrend channel, and currently at near to support zone of the channel,
52 WEEK LOW: 99.7, 52WEEK HIGH: 125.95 , 2 YEAR LOW: 86.
RECOMMENDATION: BUY AT LEVEL OF 99 WITH LONG-TERM VIEW FOR 1-3 YEAR WITH STOP LOSS OF 85
PE:13.79 WILL SHOW THAT ITS RIGHT TIME FOR LONGTERM WITH 1YEAR OF CORRECTION. WHICH SHOW 1 YEAR RETURN -8.28%
RECENT RECOMMENDATIONS ARE FOR BUY AND HOLD.
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