Wednesday, December 26, 2018 8:17:36 AM
Basic technical analysis suggesting a run higher: Having broken out on Monday, the short pre-Christmas trading day, on a strong, increased volume pace, and closed strong above that breakout level, this could move up to test the 200dma at about $.0298, basically $.03, very quickly. A break above that most common of resistance levels could mean a rapid move higher. After that, $.0549 was the intra-day high on 11/16/18. Any resistance above that is over 6 mo old, meaning once thru that this could run rapidly higher again.
Other secondary technical clues support strength from here on as well. Look at the sharp chart above on this page for instance. Both the MACD indicator below and the RSI indicator above suggest a move higher is just beginning, and with plenty of room to run.
And, of course, the company's patent has been verified issued as of yesterday, Christmas Day, and with that done there are a whole host of fundamental possibilities that could now begin happening to drive this higher.
GLTA.
Other secondary technical clues support strength from here on as well. Look at the sharp chart above on this page for instance. Both the MACD indicator below and the RSI indicator above suggest a move higher is just beginning, and with plenty of room to run.
And, of course, the company's patent has been verified issued as of yesterday, Christmas Day, and with that done there are a whole host of fundamental possibilities that could now begin happening to drive this higher.
GLTA.
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