Your analysis yesterday came at a good moment, offering enough assurance , an extra pair of eyes to see the chart...I bought some more at 4.80 support zone. so far so good.
Resistance at 5.35 area gets hit today , second effort for GALT at 5.35 . stair steps in between may offer support in 5.15-4.90 zone.
GALT has frequently moved a dollar at a time. in both directions.
In the Larger wave pattern, appears to show the resistance targets for the more completed wave, around 6.70, as a target zone for the current cycle. Then the S/R pullback level at 5.35-5.60 zone could become the next test for that larger wave pattern. what is resistance now at 5.35 zone, will become support later on.
points to watch , when the time comes.
I'm sure this is charting 101 for you. but Ive been chronicling it for about a year here.
GALT chart and price action has been quite predictable for the most part. excepting the latest collapse. That wasnt so visible to forsee, on the technical chart, at 15 , when the 9.60-10 area was looking like the bottom zone, a while back.
XENA, if you have a free moment to respond, two questions, does your charting,Fundamental and/or technical show you a top zone target for GALT ?
and
do you anticipate another stock market crash coming in the future ?
Thanks for your thoughts.
News 
Market Data 
Discover 
