GLE looking lower? Societe Generale
Short Term
We look to Sell at 22.24 (stop at 23.54)
Previous support level of 22.24 broken. Selling continued from the 50% pullback level of 26.20. The hourly chart technicals suggests further upside before the downtrend returns. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 17.19 and 16.10
Resistance: 22.25 / 24.00 / 26.00
Support: 20.50 / 17.15 / 14.00
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