Long

GLN - Broken through consolidation area

Updated

has been trading in a somewhat sideways consolidation area since 3 December and with yesterday's large upward candle it has broken through the top as well as the 5000 level - this level is a strong level on the daily as well as the monthly chart and acts as a strong psychological level due to the round number. I think we could see a nice upward move from here possibly to at least around the resistance level between 5400 and 5500.

Trade closed: target reached

Target reached convincingly after just one day.

RossLarter

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