Galapagos
Hi,
I'm seeing a nice possibility for some profits trading the Galapagos stock on the AEX. News announced just before the weekend about Gilead about acquiring Immunomedics, don't know how this would have a positive result on Galapagos but investors seem crazy.
There are 2 main resistance lines that are located around the 125,50 and 145,75. I would put a stoploss at 112,90 ( and put an alert if it reaches somewhere around the 125,50 resistance and raise the stoploss, if it breaks resistance, cool, otherwise short it depending on how indicators look atm.
Ichimoku cloud indicators seem good on short term charts up to 2 hours
Also breaks bollinger upper band and seem te widen up which indidictes increased volatiliy. Don't forget the MACD also showing positive indications and volume increasing could also imply an upcoming run.
Fingers crossed and safe tradng,
I'm seeing a nice possibility for some profits trading the Galapagos stock on the AEX. News announced just before the weekend about Gilead about acquiring Immunomedics, don't know how this would have a positive result on Galapagos but investors seem crazy.
There are 2 main resistance lines that are located around the 125,50 and 145,75. I would put a stoploss at 112,90 ( and put an alert if it reaches somewhere around the 125,50 resistance and raise the stoploss, if it breaks resistance, cool, otherwise short it depending on how indicators look atm.
Ichimoku cloud indicators seem good on short term charts up to 2 hours
Also breaks bollinger upper band and seem te widen up which indidictes increased volatiliy. Don't forget the MACD also showing positive indications and volume increasing could also imply an upcoming run.
Fingers crossed and safe tradng,
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