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Gala Weekly Chart Idea🚀🚀
$GALA
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 Risk 🙂
Thanks for viewing the 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 Risk 🙂
Thanks for viewing the idea.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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