AI
Monday, January 19, 2009 8:27:15 PM
Siemens (SI) has been mentioned recently as an “Obama stock” It is a very solid German hi-tech conglomerate, with a strong American group, which recently traded erratically, by the news. Technically, it gave a swing BUY signal (chart 1) after which it coiled sideways in a “slim Jim”.
The daily chart 2 offers some hope: A Fibonacci time extensions series points at a recent possible low, while the price is right under a “double gap” (green rectangle). Next move could be essential for the future trend. Drawback: options are not very liquid. I’ll post if I get involved.
The daily chart 2 offers some hope: A Fibonacci time extensions series points at a recent possible low, while the price is right under a “double gap” (green rectangle). Next move could be essential for the future trend. Drawback: options are not very liquid. I’ll post if I get involved.
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