I am bearish PHG but Earnings upcoming the 22nd october. I want to see how that plays out first, even considering we recently had a pretty drop and there may be an organice retracement to the upside.. That also means I may lose a very big chunk of profit if earnings are bad. But thats how I feel for this.
Hidden bearish div on higher TF.
I would like, but I doubt it will test again 42; rather probably down to 38,37 or even 36,60 (0.5 fib and support).
33 is a key support + diagonal trendline + 0.618 that will probably be retested: keep in mind that right under ,a gap may want to be filled, maybe with a wick to 32.80, or a breakdown to 30.
Anyway, with higher TF in mind, I would not be surprised it will retrace to 22.90 and beyond
Hidden bearish div on higher TF.
I would like, but I doubt it will test again 42; rather probably down to 38,37 or even 36,60 (0.5 fib and support).
33 is a key support + diagonal trendline + 0.618 that will probably be retested: keep in mind that right under ,a gap may want to be filled, maybe with a wick to 32.80, or a breakdown to 30.
Anyway, with higher TF in mind, I would not be surprised it will retrace to 22.90 and beyond
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.