Galectin Therapeutics Inc. (GALT)

[123tom]

Ok, ...well we got the bounce today.... BUT

its on low volume....

and now, that foreboding 50 ma is sliding down and down...into the recent resistance topping zone around 6.60...what will happen to GALT if a rally goes there soon...I wonder, what kind of Hammer will slam down GALT in that zone..... or will GALT hold strength against it and only pullback to the critical 5.50 zone and make another rally to test 7.00-7.50 resistance.

Is owning GALT kinda like juggling chain saws?

http://stockcharts.com/c-sc/sc?s=GALT&p=D&yr=0&mn=1&dy=27&i=p02351805907&r=1411583283941

see the resistance points overhead ?
Here's what I think now....IF GALT is going to show strength it needs to start showing it now, in a rally now, that will likely hit the first resistance zone around 5.50-5.70 area, and then needs to show its strength by NOT collapsing all the way back down to 5 and heaven forbid lower lows..... that would be a total GALT failure.
It needs to rally now, hold at support, like 5.60 back to 5.30 and then rally again, up to the bigger test at 6.50 area...and show strength by holding at pullback support zones...5.50 area 5.70 area are critical zones. It will be instructive to watch what GALT does when it hits the resistance zones. and support zones.
GALT failed to hold at 5.30 support the other day.... it will Have to start holding support at higher zones, sooner or later or else .... this biotech will be losing its lustre. what happened to all the folks who were proclaiming a 50 dollar share price. 100 dollars... to the moon.... is this the reality for GALT now? If its a struggling investment.... I better sell some more at the 6.70 'Top Zone' .