GALT TRADE IDEA - 200ma Support Bounce
Candle over candle confirmation off the 200ma
support bounce with price action crossing our
7ma. RSI moving towards the 50. Look for
price action to move to the 100ma line for
GALT has shown an ascending pattern over the last few days and it is soaring over this past trading day (12/29/2017). It broke yesterday’s resistance level and ran up to a high of 3.84 before it started selling off. Moreover, the stock rode the 13EMA for the past few days. It re-tested the 13EMA earlier today before bouncing back up. I re-evaluated a potential...