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GHLSYS TECHNICAL ANALYSIS

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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 trend had significance retracement begin from Dec 2020 candle and rebound at Fibonacci 0.50 indicate indecision. Latest uptrend movement move higher accompany by decreasing volume indicate weaken bullish momentum and the uptrend will not sustain for long period. Reversal may occur sooner.
- Latest OCT 21 monthly candle shows a long bullish candle with long upper wick accompany by low volume indicate weaken bullish momentum and strong selling pressure occur in the market. Reversal may occur sooner. The Primary Trend- Uptrend movement still maintained.

2) In Weekly TF
- Retracement has occur from 9 Nov 2020 to 8 Feb 2021 candle with price move downward and retrace at Fibonacci 0.50 implies indecision occur in the market. Overall price action still maintaining the Primary Trend-uptrend.
- Current weekly price candle trend moves upward forming another Uptrend Channel pattern accompany by decreasing volume indicate weaken bullish momentum. Current price action also shows the upper channel line been testing 2 times and price has reverse after that-significance distribution occur in this price region.
- Latest 15 Nov 21 Weekly candle show a Doji Star candle with very long upper wick accompany by low volume signal possibility of Low Volume-Demand Test candle that give positive result. Price may move lower with in uptrend channel for several week to remove this seller and establishing new support. As long the price action maintains the Uptrend Channel, the Primary Trend-uptrend movement will continue.

3) In Daily TF
- Overall price action still maintaining the Uptrend Channel pattern with highest VAP in 1.995-2.005 area are considered as strong resistance.
- Current daily price candle trend is move upward in Uptrend Channel Pattern accompany by decreasing volume signal abnormality occur in the price action. Formation of Double Top Pattern occur in this Uptrend Channel Pattern telling us weaken demand and bullish momentum due to increasing selling pressure occur in the market. Price candle may retrace to remove this seller and build up the momentum.
- Latest 19 Nov 21 candle give a Doji Star candle with very long upper wick accompany by low volume signal possibility of this is Demand Test candle that give positive result. Price may move lower with in Uptrend Channel for certain period to remove this seller and build up the momentum. As long the price action maintains the Uptrend Channel, the Secondary Trend-minor downtrend is temporary, and the Primary Trend-uptrend movement will continue.

*Please take note this idea for learning purposes and NOT A BUY CALL.
Заметка
- Latest 19 Nov 21 candle give a SHOOTING STAR candle with very long upper wick accompany by low volume signal possibility of this is Demand Test candle that give positive result. Price may move lower with in Uptrend Channel for certain period to remove this seller and build up the momentum. As long the price action maintains the Uptrend Channel , the Secondary Trend-minor downtrend is temporary, and the Primary Trend-uptrend movement will continue.
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