Galapagos (Euronext:GLPG)

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Galapagos: who dares to go long? and when are longs taking profit?

Historical price momvent in Galapagos got our attention as such all buyers in this stock are in profit. Though recents two weeks Galapagos in moving into a thight price range, and it seems to hold support and resistance ballanced around 85 euro's.

Last two weeks we have traded shorts at 85.21 (+/-0.15 cents) under 10min valid short readings.

As all higher timeframes are under bearish reading, a confirmation on such a timeframe will enable to hold overnight short position in this stock. This stock is highly depended on news and updates about "the pipeline".
Our team is aware of the risk and we will hedge our position via out of the money options.

In conclusion we are neutral on Galapagos and as nearing date A we will turn to be bearish in this stock.

This stock is under continuous screening for time&price allignments via our inhouse developed mathematical and statistical models. Traded via ProRealtime Software.
Expected backtested hitratio of this system is higher than 75%.

Best to your trading!

With kind regards,

Trading Ecology
Trading natural patterns unnaturally perfect

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