Watching the technical chart,its very hard to see anything but the Resistance zones limiting rallys...and hoping the support zones below 5 dollar will hold....like now...and somehow folks will buy GALT and the target top zones might be the same ones we got before.....6.00-6.60 7 looks greedy and 8 would be the extreme top zone.
Is it probable to expect tax loss sell in late December on GALT.
I think any rally from here will meet hard resistance starting at 6 dollars and all the way to 6.60...could Fail in a big way in that zone. without great news to keep it around and above 6.
It appears to be stuck in a Range zone at the Bottom zone. between 6 and 4...which makes for selling pressure above 6...and the two big pivot tops at 6.60 months ago...have to be considered a 'topping resistance zone' at this time.
I have a few shares that I bought there....too soon...that I will sell there and get my cash back. but thats just what I need to do for my own portfolio, not advice for others.
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