From a chartist point of view, the stock price is trading above its upper Bollinger band thanks to the bullish gap opened this morning. Prices are supported by the rising 20- and 50-day simple moving averages. However, on a weekly chart, a rising wedge pattern is taking shape, calling for caution. Prices need to stand above 37.7E to maintain the bullish bias. Next resistance thresholds are set at 41E and 42.8E. Alternatively, a break below 37.7E would call for a reversal down trend with 34E as target.
Source: GAIN Capital, TradingView