Philips share could exceed the symbolic threshold of EUR 23.3.

The security is in an upward trend for several months. A running out of steam is occurred with the contact of EUR 23.3 which is the highest recorded by this share. This movement is supported by the 20-day moving average and may stop any bearish inclinations. Exceeding the EUR 23.3 resistance will indicate a buy signal with a target price in the area of EUR 25.5.

Therefore, investors will benefit from the signal given by the crossing of the EUR 23.3 resistance to take a long position. The objective will be set near EUR 25.5. Once the position is opened, a stop loss should be fixed under effective entry point to guard against a trend reversal around EUR 22.6.