$GALP.LS #GALP buy signals!$GALP.LS #GALP had buy signals within #bullflag correction. Corrected to 20d EMA as expected and, once 19.50 resistance was overcome, the sky was the limit. If it passes 20.00, 21.00 is likely!
GALP trade ideas
Added to my existing $GALP GALP long positionAdded to my existing postion on GALP $GALP.
Timeframe: 4H
Target: ~€15
SL: ~ €14.23
Reason: trend continuation on 4H. Trend on daily chart is bullish and strong
GALP ENERGIA SGPSLooks like we've an extended wave C. There is a ending diagonal triangle which suggest a trend reversal. Also you can see the bullish divergence de RSI is offering us.
Notice that the price has broken the strong resistance around 11.54 levels. I thing this is just a market move to clean all easy longs around that price before the next bullish rally starts.
GALP short entryAfter a long bearish period was followed by bullish retracement, we would expect to see a continuation of the bearish sentiment around the 61.8% level
