SIEMENS AG Technical Analysis: Weekly Chart

In the weekly charts, SIEMENS AG is trading in a down channel.

It is trading below all SMA.

The immediate support is 118.38 & the resistance level is at 129.45.

SIEMENS AG is trading in the down channel until there is trend reversal.

SIEMENS AG Technical Analysis: Daily Chart

In the daily charts, SIEMENS AG is trading in a down channel.

It is trading below all SMA.

The immediate support is 123.30 & the resistance level is 128.33.

SIEMENS AG is trading in the down channel until there is trend reversal. 

How to Trade SIEMENS AG this Week:

SIEMENS AG will follow the downtrend until their trend reversal. So, remain bearish on SIEMENS AG.

TRADE SUGGESTION- SELL AT 125.99, TAKE PROFIT AT 123.30 AND STOP LOSS AT 128.33