Galectin Therapeutics Inc. (GALT)

[123tom]

Its a pullback , and the real test will be at the Bollinger bottom band at 5 dollar zone.

http://stockcharts.com/c-sc/sc?s=GALT&p=D&yr=0&mn=1&dy=9&i=t91950260980&r=1411154517611

stair steps didnt hold at the 5.50-5.60 zone, after resistance hit at 5.70

that 5.70 is where the 20/14/and 10 ma is at and the Failure there is bearish now. I expect to see selling pressure next week for sure. the critical zone now is 5 dollars... earnest prayers are recommended.


The rally from the bottom zone at 4.25 or 4.40 to the 6.60 resistance top zone, offers now a Fibonacci retracement zone at 5.50-5.30 area for a normal pullback...and a drop to the 5 dollar zone is a bit extreme for a bullish pullback...but Failure and bearish outlook for GALT starts to take shape at 5 dollars IF we dont see a big rally bounce momentum at 5 dollar zone. It would suggest that folks arent feeling good about GALT and are not jumping in at 5 dollars. that wouldnt be a good sign if that happens.

The pullback zone that is supposed to hold in a bullish rally is the 5.25-5.60 area. Its struggling this week.