Galectin Therapeutics Inc. (GALT)

[123tom]

well, like I said in a past post...its not easy to make forecasts sometimes and it does take guts to make bold predictions ,especially when it doesn't exactly coincide with what the technical chart is showing.

This is a time to be cautious as GALT pauses now at a triangle terminal, around 14.25 area. It will likely make a surging move in some direction, fairly soon, either up to retarget 15-16 area or down to target the key moving averages,at 13-12 area.

The mistake others made was to hold stubborn to a singular idea,and ridicule any other possibility. the idea that the 10/14/and now the 20 ma would hold upwave, and the 50 has no chance of being a target, etc etc... it was a wrong assessment,and wrong way to examine technical charting.

Price could now shoot right back up to hit 16 again. or it could plunge down to 12. right now ,in this middle zone, is a pause, waiting like a coiled snake.

IF it falls down to 12 I might buy a little more, not sure yet.

I like that blog (see the posted link) .I hope the guy keeps up with his commentaries.

another look at the chart,and the pullback zone to consider.


http://stockcharts.com/c-sc/sc?s=GALT&p=D&b=5&g=0&i=p78149621343&r=1404150073551