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 fechado: stop atingido
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.