Trade Idea – GDF Suez

In line with the messages of the previous post long position was established at EUR 16.35, mainly because the price was close to the lower support line and the ~30 RSI(14). With the stop loss limit of EUR 16.98 appr. 2.4% profit has already been secured during this 4-day period (subject to the risks of standard stop loss mechanisms). Now the share price is very close to the highlighted resistance level which might result in potential decrease in the price.

gdf2

souce: yahoo finance

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