$GAL at Bullish Flag Junction: Breakout or Bounce?
GAL is testing the upper limits of a #bullish flag pattern on the daily chart. This consolidation period follows a strong upswing, and a breakout could signal significant gains.๐ฆพ
But is a surge imminent? The price is nearing the channel's ceiling, hinting at a potential bullish breakout. If successful, analysts predict a minimum 50% upward movement.๐
Confirmation comes if #GAL decisively breaks above the pattern's resistance around $4.50. This could propel it towards retesting the strong resistance area at $5.50.