Possible trend reversal in Siemens

29 июн. 2021 г.

A head and shoulder pattern is forming in Siemens after a good uptrend.

The RSI is dropping and moving towards 40.

9 июл. 2021 г.

Комментарий

One more observation that confirms a bearish reversal in Siemens is the RSI.

If you check the left shoulder and the head, the prices have made higher highs but the oscillator had made a lower high. This suggests a strong bearish divergence in the stock.