Philips is not a weak company that can go bankrupt very easily. It had a massive drop over the past year and forming a double bottom. The correction has been massive and now looks like a good entry for a long-term hold position. It might go more down but then a good investor averages down :)
You see both bullish and semi-bearish cases in the chart :)
You see both bullish and semi-bearish cases in the chart :)
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I am the defender of the retail against the wolves of the wall street
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.