Added to my existing postion on GALP $GALP.
Timeframe: 4H
Target: ~€15
SL: ~ €14.23
Reason: trend continuation on 4H. Trend on daily chart is bullish and strong
Looks like we've an extended wave C. There is a ending diagonal triangle which suggest a trend reversal. Also you can see the bullish divergence de RSI is offering us.
Notice that the price has broken the strong resistance around 11.54 levels. I thing this is just a market move to clean all easy longs around that price before the next bullish rally starts.
