PHIA is currently trading near an important support area around €21.8. The stock recently faced rejection near €27.36, which shows sellers are still active at higher levels so price may fall up to €15.6 .
If the price breaks and closes below €21.8, there is a good chance it may move lower toward the next support zone between €19.0 and €15.6. This area has acted as a strong support zone in the past and could attract buyers again.
On the positive side, if buyers manage to push the price back above €23.5, the stock may attempt to move toward €27.36 again. A strong breakout above €30.18 would indicate a more bullish trend.
Important Levels
Resistance: €23.5, €27.36, €30.18
Support: €21.8
Major Support Zone: €19.0 – €15.6
At the moment, the chart looks slightly weak, so traders should watch the €21.8 support level carefully before taking any decision.
Disclaimer:
This analysis is only for educational purposes and is based on technical chart patterns. It is not financial advice. Please do your own research before investing or trading.
If the price breaks and closes below €21.8, there is a good chance it may move lower toward the next support zone between €19.0 and €15.6. This area has acted as a strong support zone in the past and could attract buyers again.
On the positive side, if buyers manage to push the price back above €23.5, the stock may attempt to move toward €27.36 again. A strong breakout above €30.18 would indicate a more bullish trend.
Important Levels
Resistance: €23.5, €27.36, €30.18
Support: €21.8
Major Support Zone: €19.0 – €15.6
At the moment, the chart looks slightly weak, so traders should watch the €21.8 support level carefully before taking any decision.
Disclaimer:
This analysis is only for educational purposes and is based on technical chart patterns. It is not financial advice. Please do your own research before investing or trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.