IvanLabrie
Short

GGAL: soon to face overhead resistance

NASDAQ:GGAL   GRUPO FINANCIERO GALICIA S A
115 2 6
2 years ago
In this chart we can see that GGAL             has been moving steeply up, but it's near to significant resistance levels from prior congestion areas, as well as a prolongation of the options expirations line plotted by Tim West's Key Hidden Levels indicator.

If we see price breach and close below the options and earnings line, we can expect it to hit the 0.5 and eventually 0.786 fibs in the chart.

A move below the highest low in the rally would intiate the short position, as long as we are below the resistance lines above (which is where I'd sugges placing a stop).
a year ago
Trade closed: target reached
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
Price moving down already, let's see how it fares over the course of the week.
Reply
IvanLabrie PRO IvanLabrie
2 years ago
snapshot


Nice drop ;)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out