Galapagos - Intraday - We look to Sell a break of 40.98 (stop at 43.03)
Daily signals are bearish.
There is no clear indication that the downward move is coming to an end.
Trades at the lowest level in 38 weeks.
The previous low is located at 41.30.
A break of 41.00 is needed to confirm follow through negative momentum.
Our profit targets will be 36.33 and...
The technical figure Triangle can be found in the Belgium company Galapagos NV (GLPG.as) at daily chart. Galapagos NV (formerly known as Galapagos Genomics) is a Belgian pharmaceutical research company which was founded in 1999. The company develops drugs against rheumatoid arthritis, Crohn's disease, ulcerative colitis, psoriasis, systemic lupus erythematosus and...
At the moment there is a strong support on the daily 200 MA that happens to correlate with the weekly 50 MA. I think this support will hold and that the price will move to the 0.5 fib which happens to lay just beneeth the weekly 200 MA.
Nothing I say is financial advice.
TLDR: targeting 80 if next pull back holds 56.
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Galapagos has gained more than 50% nominally off the Dec '21 low, in a three waves structure.
While running into the 1.618 extension of the green circle i-ii, the technicals are becoming overbought.
With the next earning report within a month, it seems wise to take some profits off the tabel.
Further more, the 65...
I've been following this tock for quit some time. Seeing it fall and many people calling to go LONG, only to fall even further. The cash position alone equals 80 share price. Fundamental Mumbo Jumbo. The chart had much more downside to go.
Now we have a potential bottom forming. The RSI is oversold on the Weekly & monthly levels & looks to tackle the Averages....
Conclusion
If current retracement levels hold and subsequently break above 74, bull case targeting 400+ is in play.
First indication of upside would be recovering 60.
Technical
Nominally dropped over 80% sinds the wave 3 top in 2020, while volume profile suggests uphill battle toward 60 is tough.
But putting it in a logarithmic perspective, the wave 4 retrace...
Healthcare has been getting slapped as of late but there are some fine investment opportunities. Galapagos is one I have been keeping an eye on. It has formed a broadening wedge on the long term and holding nicely on the support line. Fisher on the monthly frame has crossed up and MACD is showing signs of levelling off. LTF, day especially is showing signs of a...
Galapagos springt uit zijn meer dan een jaar oude dalende wig. Volume vandaag geeft aan dat kopers de overhand gaan krijgen. Bevestiging zou moeten komen van nog een stevige candlestick en mogelijk openingskoers met een gap tot boven de MA50!
Galapagos broke out of its one year(+) old falling wegde.. I believe a first sign of a powerfull recovery. Some ting to...
I am optimistic with GLPG, the share has been hit by its alliance with gilead but in the technical aspect it is at a bargain price taking into account that in the monthly graph it has not yet lost the upward trend, until it goes below 60 the trend remains on the upside, several of my indicators give me micro-trend change at this point, plus we have a beautiful...
We think Galapagos is undervalued at current levels. The price will be heading $240 soon.
Cup and Handle formation.
The RSI / MACD and volume showing signs of recovery from recent 60% correction.
First price target: $ 240
Second price target: $350 - $480 (2022/23)
Full year 2020 results:
18 Febuary 2021
Webcast 19 February 2021, 14.00 CET
Events:
January...
Let's see what the price does. Casually optimistic that the price is at it's low here at 80 EUR.
I would buy at the downward or horizontal line for a trade. There are better looking charts and manage your risk under de 50d SMA!
