Gimv - long

Gimv is a European investment company, listed on Euronext Brussels. Price recently had a big push from around 48.5 to 52.6, all in a single week. Price has come down from those levels, and is ranging sideways in a tight range. Tight sideways price range after a breakout is a strong signal for trend continuation. Trend is bullish because MA 50 is above MA 200, with recent cross over on Jan 6, and seems to continue widening. RSI is > 50. Next resistance is last recent high of around 52.6, then the zone of 54.3 and 54.9. Should these levels break, the way is clear towards 56.4 - 56.9. All time high is at 59.6. Price levels below around 48.4 would invalidate the bullish scenario. Keen to know what others think. Please follow BradtNom, leave a comment or link to your own ideas! Charts are for information purposes only. Not trade suggestions. DYOR (Do your own research) - act responsibly with your money.


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