Short-entry Philips (Euronext)
With general market weakness (or exhaustion, if you like) we are focussing on new short-entries for the near term (1-3 months).
PHIA (
PHIA) has shown a recent breakout failure followed by the setting of a new lower peak. We expect prices to take out the trigger at
31.25. The first target comes in at 29.55 and we suggest keeping stops tight at 32.15. Risk/reward is roughly 1:1.8 which is ok for a near term trade.
Lowering the target if momentum picks up is a possibility. We'll have to monitor developments over the coming period.
PHIA (
PHIA) has shown a recent breakout failure followed by the setting of a new lower peak. We expect prices to take out the trigger at 31.25. The first target comes in at 29.55 and we suggest keeping stops tight at 32.15. Risk/reward is roughly 1:1.8 which is ok for a near term trade.
Lowering the target if momentum picks up is a possibility. We'll have to monitor developments over the coming period.
Trade fermée: ordre d’arrêt atteint
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.