Technical Analysis of( ETR: SIE), Siemens AG | Personal Technical Analyst, Researcher, Stock market Analyst
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Technical Analysis of( ETR: SIE), Siemens AG

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Technical Analysis of (ETR: SIE), Siemens AG:

ETR: SIE-SIEMENS_AG | TECHNICAL ANALYSIS | IAMVIMALSINGH

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

FUNDAMENTAL ANALYSIS:

ETR: SIE-SIEMENS_AG | TECHNICAL ANALYSIS | IAMVIMALSINGH

PE:13.79 WILL SHOW THAT ITS RIGHT TIME FOR LONGTERM WITH 1YEAR OF CORRECTION. WHICH SHOW 1 YEAR RETURN -8.28%

ETR: SIE-SIEMENS_AG | TECHNICAL ANALYSIS | IAMVIMALSINGH

RECENT RECOMMENDATIONS ARE FOR BUY AND HOLD.


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