Gale shows Us a great volume pre market , and perhaps it s the end of the colapse .
That s will not be confirmed unless the price break the Reistance area in 2.00 ,
we will Go long to 3.37 for first Goal , and if the price go beyond , the seconde goal will be 6.30
MORE THAN 7:1 for RR !!
With stocks the next few weeks can turn potentially volatile with investors digesting rhetoric from Fed officials on interest rate decisions as well as election results.
And i do like the look of Gale most part due to the very appealing potential this pennystock has, with a 52 week range between $0.26 - $2.49 thats over 850% price movement. currently at 52week ...
GALE seems forming a fallen-angel pattern. As it breaks above the EMA lines it can have a quick upward run. Break of 0.51 will be perfect for long entry & we are looking 0.67 as our first target but it can go much higher.
You can check our detailed analysis on GALE in the trading room/ Executive summery link here-
Just from using the Accum/Dist indicator it shows that there is a lot of upside here. Yeah i know the reason as to why the stock collapsed, but if you bought at the lows you are looking at huge gains in just a matter of days. I think we could see a move towards at least $1.50 in a very short time.