Jerm88

GLN @ 20 SEP 2021

ASX:GLN   GALAN LITHIUM LIMITED
Text me if you have any questions/comments for me.

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GLN
- Previous analysis was done on 15 Sep -> suggested waiting for the next rebound wave for a better setup for entry
- Since then, the stock has retraced back to re-test the $1 psychological support
- Any strong break of the 1.00 support levels will also coincide with a structure break
- Stock will have to rebound to around 1.19 levels to have any chance of a mid-term uptrend
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a series of Higher Highs and Higher Lows