Bearish strategy for LSE:PHTM.
There are a great resistance at 52 and 55, which does not manage to rise. It will make a small push up to 52 and make a bearish scenario up to 42-43.
The lack of volume suggests that there is very little interest in the upside scenario.
It can be seen that there is much absorption of sell limited orders on 23rd and 25th November. (Especially on 23rd November 20).
My opinion is bearish until it reaches 42. Once this price and the attitude with the Brexit is reached, we will be able to observe if there is a possibility of going much lower or if there is an upward correction.
Cheers
There are a great resistance at 52 and 55, which does not manage to rise. It will make a small push up to 52 and make a bearish scenario up to 42-43.
The lack of volume suggests that there is very little interest in the upside scenario.
It can be seen that there is much absorption of sell limited orders on 23rd and 25th November. (Especially on 23rd November 20).
My opinion is bearish until it reaches 42. Once this price and the attitude with the Brexit is reached, we will be able to observe if there is a possibility of going much lower or if there is an upward correction.
Cheers