OriginallypostedbyBobbyKennedy

33linewiped.

There'saprettyclearbullishpennantformingonthedaily(albeitabriefone).Takethelengthofthemastasanindicatorofthetargetandwemaytouchon42whenitbreaksupward.

I'vespenthourstodayreviewingtheinfoonGalenajustlookingforareasonnottoaddmoretomyholding.Ireallycan;tfindmanyexceptpriceofPbandthepossiblevacuumofnewswhilethisdealiswrappedup.Butforthelong-haul,thisprojectisawinner.Loveit.

Dont think there r too many negatives to this chart atm if any at all. BK

All the indicators, candles and patterns are to the positive as far as I can tell except the stochs are still towards the overbought.

Volume continues to dwindle indicating less seller supply.

Just when it starts to move again is anyones guess but it looks to be soon with that intentional line wipe to clear that 33 resistance.

Not much came on screen after that so it LOOKS as tho the sellers MIGHT have run out of powder ftm. Buyers didnt seem keen to push too hard but thats a good thing as it cleans out any hidden overhang and gives solid support.

Gr.