BaliShag
Long

Danish stock: GN Store Nord

CHXEUR:GNC   GN STORE NORD A/S
Price failed to reach the down sloping median line (*), made a double bottom right at the Gartley completion and expected channel bottom, which also happens to be right at the . 382 retracement from the 2011 Oct. low.
As long as this level is respected I would recommend keeping an eye out for any bullish setups.
A positive retest of the lower parallel could supply the opportunity to get in. Minimum target is of course the . 382 retracement of the CD leg, which comes in just above 130 DKK.

Caution: the overall market condition isn't taken into account. Things are looking fragile out there.
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