Galectin Therapeutics Inc. (GALT)

[123tom]

Intraday price action is doing important things now.

the coiled triangle terminal at 14.25 I mentioned in previous post, has decided today to surge Down. now price has hit a 'double bottom' at 13.83, trying to hold and bounce here....critical is the price action now, to watch resistance at 14 dollar area (14.00-14.25) the 20 ma (14.06) has broken down ...there is now a small wave structure indicator to anticipate....the 'kiss of death' if price bounces back to 14,and hits the 20 ma and sellers step in with force there....price could plunge down to the lower targets in play.

When I said earlier that this move could happen soon, I was thinking one or two days or maybe today, but it started real soon. That's not a good sign for technical bullish price action right now. This move went hard down today.

The current moment is a support hold at a double bottom at 13.83...the next move to watch is a kiss of the 20 ma at 14.05 and then watch out below. This zig zag here could also last a day or two around 14.00-14.25 area. Theres a battle going on at 14.