The price candlestick indicates a divergence because the price moves in the direction opposite from the previous candlesticks. With volumes exceeding the MA line due to fresh buyer interest.
The price channel is used to indicate lower trend line marks support.
MACD and RSI indicators also indicated a divergence signal aligned with the price divergence towards the...
Technical analysis for GHLSYS Stock based on Trend Analysis, Chart Pattern and VPA
1) In Monthly TF
- In this MTF we can see long-term Uptrend Channel Pattern occur from Oct 2013 candle up to now. Nov 2020 candle has broken the upper Uptrend Channel line continue the uptrend move accompany by low volume indicate bullish momentum get weaken.
- MTF price candle...
- Seems like already completed the correction wave ABC.
- Look alike C&H pattern.
- Consolidation in triangle, probably the last wave.
- Good RRR position amid of panic sell market.
Disclaimer:
For discussion and sharing purpose only. NOT buy or sell recommendation. Trade at your own risk.
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A bullish dragonfly doji was found rebounding at the low of today, and it is likely to edge up in the next few days to test the resistance at Rm1.290. Aftwards, it will face a strong potential sell-off
Traders may look for additional confirmation.
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GHLSYS - Up Momentum Start Build Up
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MYX:GHLSYS
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
TP1 2.100
TP2 2.400
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Disclaimer: Every stock analysis are purely for educational/ informational support only. It is not for buy or sell call purpose. Everyone are responsible at your own trades.
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TP1 2.00
TP2 2.10
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Hi,
GHLSYS has been contained within a trading range bounded by line A & B for 3 years (since Apr 2017 till Apr 2020)
Price then breaks out of above line A with strong bars with increasing volume, which may indicate genuine interest by smart money to break out of the range.
After breakout , price retraced again downward until down candle C which has long lower...
Observed GHLSYS to have VCP pattern. Similar to other 3 stocks that i have reviewed previously - Supermx, Rubberex and Carepls. (link below)
Few points below to support buy in:
1) Weekly chart MA30 trendline pointing up (Represent GHL is a up trend stock)
2) Daily chart current price above MA50 and MA50 above MA200.
3) Experience 4 contraction and each of the...
![GHLSYS: GHLSYS [9 November 2020] Buy On Dip in Support Zone](https://s3.tradingview.com/7/7NVjRB0z_mid.png "GHLSYS [9 November 2020] Buy On Dip in Support Zone")
