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⚡ New Position Opened: Siemens Energy

Last Friday, I opened a long position in Siemens Energy after the stock fell below the 23,6 % Fibonacci retracement level from its ATH, a good oportunity to jump in.

I view $ENR (+1,65%) as a compelling energy infrastructure and industrial engineering stock. The company is positioned in markets that are likely to benefit from increasing electricity demand, grid expansion, renewable energy integration, and investments in energy security.

I'm looking forward to seeing how this investment performs over the coming months and years.

#trading
#long
#siemensenergy
#stocks
#energy
#bluechipfibonacci
#germany
#deutschland
#mikeupegui

25.09

Siemens Energy AG

Comprado em € 146,30

2 Comentários

jkb92@jkb92

The stock just recently finished a top and is no in a downtrend. After this strong run 23,6 wouldn’t be enough for me to make a first entry.

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Mike U.@MikeUpegui

@jkb92 I understand your view. For my Blue Chip Fibonacci Strategy, the first buy is not intended to be the largest buy. The idea is to start small at 23,6 % and scale in gradually if the price moves lower. I'm not trying to predict whether the correction is over. I'm simply following a systematic approach and letting probabilities work over the long term.

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