Added to my existing $GALP GALP long positionAdded 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
0.84USD
1.34 BUSD
22.45 BUSD
About Galp Energia, SA
Sector
Industry
CEO
Filipe Crisóstomo Silva
Website
Headquarters
Lisbon
Employees (FY)
7.05 K
Founded
1999
FIGI
BBG000MB48H0
Galp Energia SGPS SA engages in the exploration and production of oil and gas. It operates through the following segments: Upstream; Refining and Midstream; Commercial; and Renewables and New Businesses. The Upstream segment includes exploration, development, and production of hydrocarbons, mainly focused on Brazil, Mozambique, and Angola. The Refining and Midstream segment owns refineries in Portugal, and also includes all activities relating to the wholesale marketing of oil products, gas, and electricity. The Commercial segment encompasses the area of retail to final customers of oil, gas, and electricity. The Renewables and New Businesses segment covers Galp's presence in the renewable energies industry. The company was founded on April 22, 1999 and is headquartered in Lisbon, Portugal.
GALP ENERGIA SGPSLooks 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 lo
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