GGAL: Perfect short setup in the making
Target is the bare minimum this stock should fall, and can possibly evolve into a larger move, since the Rgmov indicator is firmly planted in negative territory, without showing any new 44 bar high yet, after plotting a 44 bar low before.
Check out my updated track record here: http://pastebin.com/6CyyqnPT
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8Bzrh...
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.57% on such information.