Gala Weekly Chart 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 DD.

Thanks for viewing the idea.