Short term view - PHILIPS : Bullish gap
The resistance has been passed, the trend becomes positive as we now have a succession of ascending peaks and troughs.The next target is at €36.000. The invalidation level is below €30.000.Arguments :
- The resistance has been passed.
- Prices are breaking above the moving average, it is a sign of strength.
- The bullish gap opened as prices break out of the pattern announces a rally.
Koninklijke Philips Electronics is active in the markets of healthcare, consumer lifestyle and lighting. Co.'s activities can be divided into three segments: Healthcare (Co. provides Imaging Systems, Patient Care and Clinical Informatics, Home Healthcare Solutions and Customer Services), Consumer Lifestyle (Co.'s products are divided into the following: Health and Wellness; Domestic Appliances; and Lifestyle Entertainment), Lighting (Co. provides lighting solutions for homes, shops, offices, schools, hotels, factories and hospitals; Co. also offers solutions for roads (street lighting and car lights) and for public spaces, residential areas and sports arenas).
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