adamkhoosk
Long

GHLSYS VCP PATTERN + UP TREND

MYX:GHLSYS   GHL SYSTEMS BHD
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 contraction getting smaller. (C1: -41%, C2: -7.1%, C3: -8.5% and C4: -6.1%) ---- Volume transaction also observed become lower.

With current Covid 19 situation, most people are shopping online. Online transaction will be huge for this few months. This will benefit GHL since he is the lead in cashless industry.

My strategy:
Enter RM2.00/2.01, support set at RM1.96 (or support set at max 7% lost)
I believe market is waiting GHL to break 2.10 resistance. Once 2.10 break, it might continue rocket up.

(Reminder: QR is coming soon...)

Disclaimer: Trading view just a platform for me to record down my analysis. Buy at your own risk. :)

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out