Philips ( NYSE:PHG ), the Dutch medical devices giant, experiences a surge in its stock price following a groundbreaking $1.1 billion settlement in the U.S. for personal injury cases linked to the recall of its sleep apnea devices. While the settlement marks a significant milestone for Philips, questions linger about the impact on patient safety and the company's...
Market just finished 1 to 5 Elliot wave pattern, and bounced off of a strong demand zone, going down it made a few gaps which needs to be filled in a long term. Entry: 31.33 Target: 56 (Top of a last gap) Invalidation: 27.73 (Below demand zone)
PHG has had some issues recently and this is reflected in the stock price, but I expect PHG to continue to bounce up into August. The recent selling climax, harmonics, indicators, and solid fundamentals - pointing to a nice bounce here. PHG may need to retest the recent low but should still rise in price over the next 30 days. See chart for prediction. Not...