Look at the daily and weekly chart, both bounce off the MA50 nicely and the MACD is healthy. Daily chart making higher high and higher low while weekly chart made higher low. This is going to gradually test $5 which is a strong resistance point. GLTA
Today's action is another perfect example for the textbooks.
Low-volume pullback to support. Market Makers picking off stop-loss (aka "stop gain") orders on the way down. Inflection-point bottom at 12:09 pm EDT as the share price briefly dips below support level, and all of the low-hanging stop-loss fruit has been picked. Share price immediately begins to regain lost ground.
When I looked at the action yesterday, I thought that support might be tested soon. Unfortunately, I currently don't have additional capital to add to this position. Pity. It would not be out of the question for us to retest support at about $2.39 once again (maybe twice) before resuming another steady, stair-step climb. I hope that I've got a bit of dry powder when that happens.