Philips Carbon : Range breakout or Channel confinement ??
Philips has given a breakout from a range of close to 200 with decent volumes. So should you buy the breakout ?
I would wait for it to break out of the upward sloping channel. If one looks at the last breakout, it did enter a long consolidation as it failed to break that channel. In stock market there is a saying, "History repeats itself". Will Philips carbon defy that this time ?
I would wait for it to break out of the upward sloping channel. If one looks at the last breakout, it did enter a long consolidation as it failed to break that channel. In stock market there is a saying, "History repeats itself". Will Philips carbon defy that this time ?
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