Wednesday, November 12, 2014 5:00:02 PM
It sounds like yours and others outlook for the fundamentals is not spectacular these days, and maybe we need more patience. Meanwhile , if price continues to flounder in technical patterns.... the big resistance target zones I'm looking at might be the places where I'll trim some shares.
All this time GALT has been bottoming in the 4.25-5.25 zone, and still hangs around here.... today held twice at 4.70, not too bad....but needs to make some rally continue to the bigger resistance targets around 6.00-6.60 for starters, and above that good fortune would give investors 1 more dollar into the 7.00-7.70 area. and thats about as far of a rally as I can see in the current chart pattern.
The last big rally wave was the one from the 4.28 Bottom to 6.60..... what next.... this bottom/support zone now,might target maybe 6.60 again. I dont think I want to be too greedy if the momentum has become tarnished,as it sounds like what you all are saying these days.
I'd like at least to see GALT hit 6 dollars before I think of trimming shares.
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