GLN - Multiple reasons to go longJSE:GLN has shown multiple reasons to enter a long position. Firstly, the EMA's, stochastic and MACD are all signaling an upward move, the fractal from the 7th of May has been breached and it has broken through a descending resistance line plotted on the chart.
Today, our order to go long was triggered. We are looking to reach the target at around the 125 level.
XJSE_GLN_CFD trade ideas
GLN - Consolidation BreakoutJSE:GLN has been trading in a sideways consolidation channel since mid June. Yesterday's price action broke out of the bottom of the consolidation area and today's price action seems to have followed suit triggering our short position. We are aiming for a target down at the R87 level.
