SIEMENS (SIE): Close To Buy Zone

3 years long bearish trend on siemens is considered to be broken according to technical rules.
the market has clearly broken above a resistance line of a bullish flag formation violating the last lower high.

now the market is retracing,
the underlined area around 100.0 level gives us a perfect opportunity to buy the stock on a good discount.
this zone is based on the perfect confluence of fib.levels and structure.

buying from that we can aim at 119.0 level as the initial target
and 132.0 as the second one.

good luck!