There is a delicious cup and handle forming on the GAL daily chart. It is almost a perfect textbook example.
The target if the formation plays out is 2.4c.
There is resistance at 1.5c that needs to be broken first.
The negative sentiment around GAL at the moment is almost at its lowest, combine with the general market fears and EOFY selling and I believe that GAL has bottomed and should rise from here.
News and clarity about the Acqui would also be welcome and could be the catalyst.
There is a delicious cup and handle forming on the GAL daily...
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Last
18.5¢ |
Change
0.015(8.82%) |
Mkt cap ! $36.56M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.5¢ | 17.5¢ | $18.86K | 105.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 65299 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 119390 | 6 |
View Market Depth
| Last trade - 11.06am 22/07/2024 (20 minute delay) ? |
| GAL (ASX) Chart |