GHLL.N0000 trade ideas
GHLL.N - GALADARI HOTELS (LANKA) PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
21-02-2023
Buyers broke the trend line after the accumulation was complete and stated it upward momentum.
02-03-2023
MA 20 crossed MA 50.
03-03-2023
It broke key resistance levels but failed to close above the resistance of 14.10, but it closed above the price 13.30 and we can assume that the selling volume has been absorbed.
The RSI is in a heated position at the moment.
The next resistance is 15.30-15.40, but it is a weak resistance.
20-03-2023
Bulls managed to break the price above 14.10 and close above it. A good buy volumes has been observed.
13.30-14.10 will be a good support for the share depending on the overall market sentiment.
31-03-2023
There was less activity in the share and price closed creating a DOJI candle.
MACD is showing some weakness but RSI is keeping above the mid line and ranging.
GHLL | AnalysisAnalysis: The stock has broken out of the bullish flag pattern and is currently retesting the resistance range between 15 and 15.40. If the stock manages to break above these levels, it could potentially move towards the Fibonacci retracement 0.786 level. However, if the stock encounters heavy resistance and fails to break above 15, it may create a bearish divergence on RSI. Therefore, should be cautious and closely monitor the stock's price action and RSI movement.
Stop-Loss: 13.50
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
GHLLWith the breakout of a descending trendline, it is possible for the stock to reach the Fibonacci retracement level of 0.5 and horizontal resistance range at 15 to 15.40.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.