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Phillips carbon Black

Discussion in 'Technical Analysis' started by akhtar80, Jun 16, 2017.

  1. akhtar80

    akhtar80 Responder

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    What do you guys suggest on Philips carbon Black? I had bought little quantity last month has given decent profit, should I hold onto it?
     
    akhtar80, Jun 16, 2017
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  2. shabbir

    shabbir Administrator Staff Member

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    As a trading position as it is profitable, you can hold with the previous days low as the stop loss. Make sure you use the stop to let the profit ride but the day it breaches previous day low, you are out of it.

    Fundamentally it has high debt and had losses for couple of years in the past as well and so should be avoided.
     
    shabbir, Jun 17, 2017
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  3. bnnarayana

    bnnarayana Contributor

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    Hi,
    The recent fundamentals of the company has improved, As suggested by Shabbir with strict stop loss you can except price to move up to 560_ 580, It is recent high was 549 Which is 52 week high.

    Sent from my Le X526 using DIY Technical Analysis mobile app
     
    bnnarayana, Jun 17, 2017
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