Jul. 31 at 9:55 PM
$GALT let's see if multi month support line (orange) holds, if so high
$2.80's/low
$2.90's should be the bottom. Short term downtrend line (red) meets with this support line next Tuesday, August 4th. If it does hold and continues to consolidate without news, this support line meets the long term downtrend line end of the year.
If it doesn't hold,
$2.20's will be in play according to multi year support line (black)
RSI: daily (36), weekly (46), monthly (50) -> technically oversold, but has room to be pushed further lower.
Need news sooner rather than later or else this will likely continue to bleed as impatient/scared retail continues to sell. Holding and preparing funds to start adding on a weekly basis, as long as this is in the
$2's.
GLTA
