SIEMENS
Hello all!
Siemens has been moving in a channel since Feb 2021. It came back to its lower trendline, took support, and bounced off. It also broke the trendline 1. This I believe generates a good opportunity to go long!
Apart from price action, there are other factors too which strengthen my conviction:
->Support from 50 day EMA
->Stock took support from the golden zone (50%-61.8% fib level)
The reward to Risk ratio also seems decent to enter this trade.
Do let me know your thoughts on this
*NOT A CALL*