BANQUE CANTONAL DE GENÈVE has much more UPSIDE POTENTIAL
The Banque Cantonal de Genève was founded in 1861. The chart below shows the chart of BCGE, which was formed in 1994 through the merger of CEG Genève and Banque hypothécaire du Canton de Genève.
The present long-term uptrend originated at the low in 2002 when BCE traded at SFR 57.
Presently, the stock is breaking upwards from the most recent consolidation below resistance at 191. The next resistance levels are at 200, 220, 235 and the all-time high from 1998 at 254.
The uptrend is likely to rise to the upper trendline, presently rising around 200.
A consolidation between 190 and 200 could be seen.
BUT, the long-term upside potential seems to be quite high.
THE NEXT BUY SIGNALS ARE TRIGGERED IF 191/191 IS BROKEN AND AGAIN
IF 200 IS BROKEN.