PHG Short (or not) after earnings
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