Dutch shares - AEX index & Galapagos TA

mirnoscryptos (25)in #trading • 6 years ago

AEX

AEX shows some reversal signs. Trend is still bearish but there is some correction. According to the descending trianly (A, B, C, D, E) We can assume a recovery around C could happen in the 534 - 544 range. This also corresponds with the two tops of February and March.

Galapagos

Galapagos is correlated with the AEX, spoken above.
The general trend of Galapagos is bullish, showing reversal signs for two trends. A general support for the last few years and inside an triangle pattern. Bottoms A,C, E, G are all higher than previous lows.
And all tops B, D, F are all higher.
If we assume the AEX will increase in value Galapagos is likely to continue this trend maybe even reaching a new all time-high?

#ta #aex #galapagos #steemit

6 years ago in #trading by mirnoscryptos (25)

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