A head and shoulder pattern is forming in Siemens after a good uptrend.
The RSI is dropping and moving towards 40.
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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.
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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.