Swing Opportunity in Siemens
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Go Long above 2219.2 for Targets of 2311.7, and 2404.3 with SL 2126.65
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. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5 Fibonacci level.
3. In addition to this there is a strong trendline (marked with green color), which is providing support to the stock.
4. There is a trendline (marked with red color), which is providing resistance to the stock so we have placed our final target just below it and thus the stock is forming ascending channel pattern.
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. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5 Fibonacci level.
3. In addition to this there is a strong trendline (marked with green color), which is providing support to the stock.
4. There is a trendline (marked with red color), which is providing resistance to the stock so we have placed our final target just below it and thus the stock is forming ascending channel pattern.
Dagangan aktif
Entry triggered on 1 Nov 2021Dagangan ditutup: sasaran tercapai
Target 1 achieved on 3 Nov 2021Dagangan ditutup: sasaran tercapai
Target 2 achieved on 9 Nov 2021
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.