Aug. 16 at 5:28 AM
$GALT 65% of volume was sells, 29% large block sells. No large block buys today. 61% dark pool, short 30%
65,000 shares left to borrow at a 61% borrow fee.
Holding
$3.55 was a good sign, expecting another day or two of consolidation in the lower VWAP channel. I would like to see sometime next week, a move up and consolidation in the upper VWAP channel between
$3.80 -
$4.15.
If there is no news in the coming months, a handle consolidating in the
$3.55 to
$4.15 range would look really good on the 5 year chart 'chalice' (cup). If it does form, this would be a nice base to continue a strong upward move off of.
If it does pull back, I want to see it hold
$3.47. If that fails, then
$3.41. If it falls below that, gap would fill & the longterm uptrend line (red line) would break, which is not ideal and would require further analysis of a downtrend forming.
