GALALong
Gala Weekly Chart Idea
Gala had a large break out after a cup shaped accumulation period. The price has since pullled back the .5 fibonacci level. This level lines up with the neck line of the cup and accumulation period. We have a potential for a reversal to touch the top of a rising trend line sometime around january. my target is around 10 cents. this lines up with the resistance and the 1.786 extension.
Ill be looking for a candle close above the .5 fib level. Stop loss will be around .038.
Not financial advice. Do your own DD.
Thanks for viewing the idea.
Ill be looking for a candle close above the .5 fib level. Stop loss will be around .038.
Not financial advice. Do your own DD.
Thanks for viewing the idea.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.