Groupe Bruxelles Lambert - bear flagThese are my thoughts on GBLB . They are meant to give you an idea, not trading advice.
This chart is showing us a bear flag, which should break to the downside.
But actually at the moment it's a 50/50 call. I'm really interested to see how this will play out.
If the weekly candle next week can get above the 20MA (blue line), I might turn bullish on this.
"IF" it breaks to the downside, it will probably bottom around it's previous bottom, this could take some weeks/months, unless there will be a second lockdown, what would probably accelerate things.
I understand this is a less interesting stock a the moment, but I sometimes make these charts public, so it's easier for me to follow up, so I don't forget about them.
If this thing breaks down and bottoms, it's gives us better potential to buy and hold.
Please be careful, as the market never gives you certainties, only probabilities!
(ALWAYS REMEMBER THIS WHEN YOU TRADE)
