GitLab Inc.
Updated

Reversal or continuation?

1638
I expect price action to test 38-40$ support zone in the short to mid term, we could see a breakout from there. Otherwise the test of 30$ and 20$ range would be in the cards.
Note
Orange trendline is a little bit off, supposed to be a monthly resistance.
Note
Well, it was a nasty bear flag after all, having said that GTLB could still make a fine wedge(in terms of regression).
Note
There is now resistance at 35$ and 43-44$; if it does not break, I can see this potentially following log trend from the first impulse(oct 21-may 22) to 10$.
Note
This is more like it.
snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.