Galectin Therapeutics Inc (GALT)

[123tom]

Yesterday GALT collapses down to 4 dollars.
a new Low. last low was 4.28.

so now we have a top zone at 6.60 area and a 'bottom' at 4 dollars.

Can any of the fundamental analysts explain why this is happening. ?

The chart is breaking down, and price is failing at every resistance and failing to hold all the support levels. and makes a new low now.

Now, the technical traders will start selling GALT around 5 dollars, and it might get slammed down at 5.80 area if it gets there. see the pink cloud zone in this chart....thats become a technical resistance zone now.
A while back, the 6 dollar zone was a target....now its 5 dollars

http://stockcharts.com/c-sc/sc?s=GALT&p=D&yr=0&mn=3&dy=0&i=p53013159157&r=1416593998892


and here are the targets on the weekly chart.

5 dollars and 6 dollars. Look at that 200 ma...like the great wall of china .

http://stockcharts.com/c-sc/sc?s=GALT&p=W&yr=1&mn=3&dy=0&i=p57720516922&r=1416594444993

This price collapse in GALT...from 19 down to 4 dollars has become shocking to me.
what do you fundamentalist think of this collapse? what are the Fundamental company reasons why this has happened??