Futuraman
Long

Ichimoku Breakout and Good News for GALE

NASDAQ:GALE   GALENA BIOPHARMA INC
227 3 0
I've day traded GALE several times in the past year with success but this time it may be a longer hold for me as I recently bought 50 Jan calls based on the technical indicators and good news found here which I agree with:

http://seekingalpha.com/article/1714432-galena-acquisition-prospects-and-exciting-catalysts?source=yahoo

Even though the Close (red line) is still tangled up in past price action and the Standard (blue line) offered temporary resistance GALE is moving out of the cloud with stochastics unwinding out of oversold and pointing up. The upside potential could be considerable if GALE should be acquired which is likely.

Ichimoku is a fantastic indicator which has all of the aspects of Fibonacci, Gann and Elliot theory built in. Once you learn it all it takes is a glance at any chart to predict future price action. Learn more here:

http://www.youtube.com/watch?v=tEeXmsonRZo
There is the expected move even on a down day in the market. Hope some of you are profiting on this.
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Gale performing nicely today even with the market sell off. GALE has now filled the gap from Sep 12th and will undoubtedly break out to new highs.
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Futuraman PRO Futuraman
Another positive article:

http://seekingalpha.com/article/1719532-buy-galena-on-abstral-launch?source=yahoo
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