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.
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