In the last few weeks we've all see a little bullish run in gala going from 0.0443 to 0.0727 yesterday. Personally I think this is the end of the little bullish run. Here are my reasons.
..It has hit a major trend line resistance..
..it has hit a major horizontal resistance..
..it has a really visible bearish divergence..
..the buy volume is getting weak..
With these reasons the probability of new lows is greater than that of new highs. We just have to wait and see.
..It has hit a major trend line resistance..
..it has hit a major horizontal resistance..
..it has a really visible bearish divergence..
..the buy volume is getting weak..
With these reasons the probability of new lows is greater than that of new highs. We just have to wait and see.