GLN - Broken through consolidation area

GLN has been trading in a somewhat sideways consolidation area since 3 December and with yesterday's large upward candle it has broken through the top as well as the 5000 level - this level is a strong level on the daily as well as the monthly chart and acts as a strong psychological level due to the round number. I think we could see a nice upward move from here possibly to at least around the resistance level between 5400 and 5500.

Trade closed: target reached:

Target reached convincingly after just one day.