Galectin Therapeutics Inc. (GALT)

[123tom]

my GALT forecast from last week updated....


here's the chart with enough data to see some things....

http://stockcharts.com/c-sc/sc?s=GALT&p=D&yr=0&mn=2&dy=5&i=t57185021179&r=1412201751524

From last week's outlook, GALT did exactly what I hoped it Wouldnt do....
after holding at 5 dollars, bouncing at 5 dollars, made a weak effort to rally , got back to 5.40 , twice and failed there , then failed to hold the support steps at 5.30/5.00 and now it sits trying to hold at 4.80 support.
The downwave can be counted 5 subwaves so far, easy to see on the chart, the shape is clear, and making the subwave 5 today as it comes to 4.80 support gives a little ray of hope,that we could see buyers step in here and try again to rally GALT back into someplace other than the collapse bottom zone....
Resistance now at 5.17/5.30/5.47, and now the 50 ma is falling to 6 dollar zone.
http://stockcharts.com/c-sc/sc?s=GALT&p=D&yr=0&mn=4&dy=5&i=t14680619957&r=1412202310098

This 4.80 support zone is very important now. The rally from the 4.25 bottom to a top around 6.50 in August, was ok as a first rally wave....this pullback now is still ok, but would have looked alot better if it held support around 5.30 area, 5 dollars at the worst.....
But I know if you all Pray hard enough, GALT will hold here and everything will be ok.

now the share price has a bigger hill to climb. just to get back to 6 dollars . GALT is always capable of making those 1 dollar spikes, so we could see one of those go right to 6 dollars in a jiffy....if only you Pray hard enough.

I dont think you guys are praying hard enuf......lol....where is everybody in the GALT forum? did you all just go huddle under the bed,wishing the monster would go away....

Can someone just tell me what will be the next fundamental good news, and when will it come out ??

If biotech 2010 believes the fundamentals are still good , he should be buying more here,in this bottom zone.