GAEL Potential Reversal from Strong Support Zone

6 days ago

✅ The stock is currently trading near a strong trendline support, which aligns with the 200 EMA This combination often indicates a potential reversal zone, as it has historically acted as a significant support level.

✅ The price recently bounced off from around 125 and is now showing signs of strength around 130-135. The upward arrow suggests potential bullish momentum, which could lead to a retest of higher levels.

✅ The stock has been trading within a channel for an extended period, and a move towards the upper boundary of the channel seems likely if the current support holds.

✅ The RSI shows early signs of recovery, indicating that buying interest may be increasing after the recent correction.