GAL - Galen Holdings

[darth trader]

I've been researching stocks today and IMHO this stock is about to drop through the floor.

GAL is forming a double top and is overbought. It has hit resistance and is showing divergence with OBV. The
Negative Volume Index shows distribution and the Bollinger Bands are beginning to contract.

No financial advice intended.

Darth.

 

[darth trader]

It's a long time since I posted this but GAL look's like its finally going to drop.
It's just peeped up through the upper Bollinger band started it's journing south.
Current target 850p but it may go further.

No financial advice intended.
Darth.

 

[mj thomson]

Darth / Anyone
Where do you reckon this is headed now in the short-term?
It hadn't moved for nearly two days until it ticked up 0.8% at the end of today, even though sells outweighed buys by at least 2:1 (albeit on small volume)

Does it still seem a short?

MJ