Hi guys, here's a small update on LIGHT (AKA Philips Lightning).
As we can see the bullish trend is now retesting the exponential growth curve that started around 15th may, this is where the recovery from COVID-19 started.
Since we don't have a resistance layer there, things might turn out positive for us. But we can't be too naïve and therefore not calculate any...
I just bought up some shares of Signify (former Philips Lightning) because i think it has reached a longterm bottom, but this is just my idea i would recommend you too trade your own analysis.
The share price moves between a small range of levels. Nevertheless the indicators suggesting a new rebound of the bulls to at least 35 and maybe 37 euros within a few days or weeks. On Friday 21th July Philips Lighting presents its 2nd quarter earnings and this can lead to a new direction in the long term trend. Although the trend is your friend, we can see that...
