Swing Opportunity in Siemens
Go Long above 1997.05 for Targets of 2074.1 and 2151.15 with SL 1920
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level.
3. In addition to this the stock gave a Trendline breakout.
4. Also there is a Demand Zone (marked with purple color), as the stock was facing resistance from this zone and after the breakout, it is providing support to the stock.
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level.
3. In addition to this the stock gave a Trendline breakout.
4. Also there is a Demand Zone (marked with purple color), as the stock was facing resistance from this zone and after the breakout, it is providing support to the stock.
Ordine annullato
Target got hit before triggering our buy price, so we will not trade on this setup.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.