PHILIPS - Oversold - Longposition

On the Philips chart (PHIA - 4h timeframe), We can see the price is currently oversold. The price is approaching a support area and is probably going to bounce off. Enter and leave the trade at the level defined on the chart.

The three indicators used are Bollinger Bands, RSI, and Stochastics. All these three indicators are confirming the oversold condition.

See all further details on the chart.

Good luck!
Trade closed: target reached:
target reached and overshooted.

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