Dutch shares - AEX index & Galapagos TA

in #trading • 6 years ago

AEX
AEX_1D_prediction_Area.PNG

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_1W_ABCDEFG.PNG

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
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