Galectin Therapeutics Inc. (GALT)

[123tom]

D, I dont know how perplexing it might be to analyze based on fundamentals, since I dont do that...but in technical analytic terms, the chart and price action remains pretty clear enough for me to understand it.
Price is falling and bouncing to support and resistance levels. the current zone is the 12.70 level. and resistance area is 1350-14.00 area, the support bottom zone so far has shown 12 dollars as support, but that lower support zone is still in play and extends to 11 area. 11.00-11.70, and 12 is an extension of 11.20-11.70 area.... as a TA guy, all these numbers are clear enough to me, maybe confusing to the fundamentalists. anyway, what I'm looking at technically , is that GALT has been making a pullback, to test the 12 area. it held there so far. now it may try to test the 14 area, and we will see what price does around 14, and if it fails between 13.30-14.00 area and begins another downwave, then I look to see if 12 dollar zone holds Again, like it did this time. It might or might not. and if it doesnt , then targets toward 11 will become the next stair steps down. The whole zone from 12 down to 10 is In Play technically.

Have a good weekend everyone.




http://stockcharts.com/c-sc/sc?s=GALT&p=W&yr=1&mn=0&dy=0&i=p63997113964&r=1405727039772