GHLSYS (0021): Bullish

Pattern: Rounding Bottom Breakout

As seen on GHLSYS's daily chart above, it broke out the neckline on the 18 July (i.e. 2 days ago) with decent volume after a 3-month consolidation via a rounding bottom pattern.

Based on the volume flow, the consolidation certainly is healthy and the recent breakout from the rounding bottom pattern signals a resumption of the bullish momentum.

Based on the pattern projection, the short term target prices for GHLSYS are 1.72, 1.89 and 2.12.

I maintain my bullish view as long as GHLSYS is trading above 1.45.

Leave me a comment below and let me know what you think. If you have any queries or want to share the next big stock with me, feel free to contact me via my email or FB page below.

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Cheers,

Ming Jong

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