Galan has had a great run over the last 12 months up almost 200% in price - including a 25% drop from its recent highs with the overall market pullback.
It is at the bottom of one of its trading ranges and a bounce could possibly see a 15% run before it hits resistance again. Would like to see its RSI turn around and point up to get better confirmation and will...
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...
GLN
- Previous analysis was done on 6 Sep -> suggested waiting for the next rebound wave for a better setup for entry
- Stock gapped above the 1.09 resistance levels with above average volume
- Stock has been consolidating nicely on the $1 psychological support
- No good setup for entry
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for the next...
