lowtrade

[3kidsplus1]

Hi just looked at gale a bit, I think for the flag retracement you usually want to see the price bouncing off the 38.1% fibonacci retracement line, for a breakout beyond the previous high. It appears that gale is bouncing off the 61.8% fib. line which usually does not produce a breakout, but a possible channeling between 61.8-38.1% fib. lines.

A bounce off the 38.1% expect new highs.
A bounce off the 50% expect previous highs.
A bounce off the 61.8% expect 38.1%.


Also, I agree with picheljitsu, BIOS are dependant on results from the drug testings and approvals etc. so technicals will need to be combined with alot more risk. Take a look at BPAX, when that one tanked.