All,
This is beyond obvious support on the monthly which is no joke. Remeber higher timeframes are far more serious. I expect this to EASILY hit 30-50%. PT on this is 9-17 bucks. Let alone 21M float. No debt, and quite a lot of other factors going for this. 20% tute owned as well.
I can't imagine this not taking off soon and hitting $4 at least.
I see a cup with a handle, albeit a short handle. I guess it could also be a double bottom, but its a little too round. I'm pretty new at this so please do tell me if I'm on the right track or not. Thank you!
This stock is approaching the 3.00 - 3.15 range which historically seems to be the bottom.
It has hit this area 13 times on a weekly candlestick since 2016 and every time we have seen an aggressive bounce.
Depending on your strategy, you could see this as a long term hold.
I will be in @ 3.10 and out @6.
SL break and close below area of support
Galmed just popped out of a downward trend that has been lasting several years. Galmed is an unprofitable micro cap ($94M) in the biotech space. It has less than $1M in revenue but it is showing strong revenue growth and is financially very healthy, so its fundamentals are strong and that's something that I personally like to see, even when I trade (should things...
BREAKOUT STOCK ALERT UPDATE
$GLMD - Galmed Pharmaceuticals Ltd. - Ordinary Shares
Initial Alert Price: $3.67
Price High: $5
% Gains/Losses: 36.24%
(+18.29% More Than Expected)
Potential Stop Loss: $4.75
In today's trading, GLMD simply broke out on pure momentum without providing an press releases or news that would justify the move. We initially had a $4.32...
BREAKOUT STOCK ALERT
$GLMD - Galmed Pharmaceuticals Ltd. - Ordinary Shares
Initial Alert Price: $3.67
Potential Price: $4.32
Potential Gains: 17.71
Stop Loss Limit: $
GLMD is working to retest the $4.32 Levels of Resistance and if it's able to breakthrough and we find support at those price levels, we can expect this to move forward in retesting the $5.15 Price...
