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123tom

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123tom

Re: oldsport post# 1503

Tuesday, 09/16/2014 1:56:48 PM

Tuesday, September 16, 2014 1:56:48 PM

Post# of 3833
price targets?....well, maybe in a pop coming from fantastic fundamental news....we could see a target at 16 get hit....but thats not what the technical chart is showing. The chart is showing a resistance zone and target area around 7.50-8 dollars at this time. if we see any rally reach that zone...odds are price will get hammered down from there.It might even get whacked at the 50 ma around 7.25

http://stockcharts.com/c-sc/sc?s=GALT&p=W&yr=0&mn=6&dy=0&i=p75936856245&r=1410890475324

but in the daily chart we have the 50 ma showing a target zone a bit higher. ...so this zone 7.00-8.00 is the top zone for this pattern currently.
...and ,so far, we can see the 6.60-6.70 area is hitting a resistance wall...

http://stockcharts.com/c-sc/sc?s=GALT&p=D&yr=0&mn=3&dy=0&i=p99280674815&r=1410890670227
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