Galectin Therapeutics Stock Swing Long Chart Setup

Galectin Therapeutics stock is a completely technical play on an oversold chart setup. This is a quick swing move up gambit as the company reports Phase 2b top-line data.

Galectin Therapeutics stock looks like a compelling swing long setup on the chart. The gambit is a bounce off its 200 day moving average support.

Galectin Therapeutics has no Sell ratings, 1 Hold rating, and 3 Buy ratings. The average target price is $5.25 which represents 93% upside from the current price.

Galectin is scheduled to report Phase 2b top-line data within the next week or two for GR-MD-02 non-alcoholic steatohepatitis (NASH) with cirrhosis.

Galectin Therapeutics Inc. is a clinical-stage biopharmaceutical company engaged in drug research and development to create therapies for fibrotic disease and cancer. The Company’s drug candidates are based on its method of targeting galectin proteins, which are mediators of biologic and pathologic functions. You can read more about the company on their website.

Galectin Therapeutics Stock

Galectin Therapeutics stock chart shows predictable swings off current support level.

You can see the technical trade on the chart. We have a short-term swing move higher likely coming soon. Galectin Therapeutics stock has repeatedly swung higher off current support. The Twiggs Money Flow seems ready to break positive.

Galectin Therapeutics presents a decent setup pattern. Prices have been consolidating lately. There is a very little resistance above the current price.

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Lance Jepsen

For ethical purposes, I try not to hold any position in any stock I profile on GuerillaStockTrading.com unless specifically stated in the article. Owner of GuerillaStockTrading.com. Seasoned entrepreneur, investor, and writer. I love God, family, country, stock trading, economics, and helping people learn how to trade.
Follow me

Author: Lance Jepsen

For ethical purposes, I try not to hold any position in any stock I profile on GuerillaStockTrading.com unless specifically stated in the article. Owner of GuerillaStockTrading.com. Seasoned entrepreneur, investor, and writer. I love God, family, country, stock trading, economics, and helping people learn how to trade.

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