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GHLSYS

GHLSYS TECHNICAL ANALYSISTechnical analysis for GHLSYS Stock based on Trend Analysis, Chart Pattern and VPA 1) In Monthly TF - In this MTF we can see long-term Uptrend Channel Pattern occur from Oct 2013 candle up to now. Nov 2020 candle has broken the upper Uptrend Channel line continue the uptrend move accompany by low volume indicate bullish momentum get weaken. - MTF price candle trend had significance retracement begin from Dec 2020 candle and rebound at Fibonacci 0.50 indicate indecision. Latest uptrend movement move higher accompany by decreasing volume indicate weaken bullish momentum and the uptrend will not sustain for long period. Reversal may occur sooner. - Latest OCT 21 monthly candle shows a long bullish candle with long upper wick accompany by low volume indicate weaken bullish momentum and strong selling pressure occur in the market. Reversal may occur sooner. The Primary Trend- Uptrend movement still maintained. 2) In Weekly TF - Retracement has occur from 9 Nov 2020 to 8 Feb 2021 candle with price move downward and retrace at Fibonacci 0.50 implies indecision occur in the market. Overall price action still maintaining the Primary Trend-uptrend. - Current weekly price candle trend moves upward forming another Uptrend Channel pattern accompany by decreasing volume indicate weaken bullish momentum. Current price action also shows the upper channel line been testing 2 times and price has reverse after that-significance distribution occur in this price region. - Latest 15 Nov 21 Weekly candle show a Doji Star candle with very long upper wick accompany by low volume signal possibility of Low Volume-Demand Test candle that give positive result. Price may move lower with in uptrend channel for several week to remove this seller and establishing new support. As long the price action maintains the Uptrend Channel, the Primary Trend-uptrend movement will continue. 3) In Daily TF - Overall price action still maintaining the Uptrend Channel pattern with highest VAP in 1.995-2.005 area are considered as strong resistance. - Current daily price candle trend is move upward in Uptrend Channel Pattern accompany by decreasing volume signal abnormality occur in the price action. Formation of Double Top Pattern occur in this Uptrend Channel Pattern telling us weaken demand and bullish momentum due to increasing selling pressure occur in the market. Price candle may retrace to remove this seller and build up the momentum. - Latest 19 Nov 21 candle give a Doji Star candle with very long upper wick accompany by low volume signal possibility of this is Demand Test candle that give positive result. Price may move lower with in Uptrend Channel for certain period to remove this seller and build up the momentum. As long the price action maintains the Uptrend Channel, the Secondary Trend-minor downtrend is temporary, and the Primary Trend-uptrend movement will continue. *Please take note this idea for learning purposes and NOT A BUY CALL.
GShort
by azwanhuzaimi
GHLSYS - Is it too late to enter?GHLSYS is a name you don't need any introduction. The brand is everywhere when you do online shopping, e-payment and in store cashless payment. They're there at the back-end. Current market cap: 1.4billion Number of share: 749mil Last Price: 1.94 EPS: 3.83 (undervalued) P/E Ratio: 50.65 (ok) ROE: 6 (good) NTA: RM0.6 (considering this is tech company so NTA isnt really a matter here) Institution: Recently Creador moved their funds here too. Financially they are enjoying positive steady net profit since 2012 with quarter to quarter growth ranging from 12% to 45%. With the surging of demand based on online shopping and more businesses going online to market their product, its the best time for GHLSYS to strive further. I do believe the catalyst is here to stay for a long term. Although the price has gone passed ATH, is there any room for further increase in price? YES. What you have seen now is just the starting point :) You may also check other e-payment related tech companies like REVENUE and DSONIC
GLong
by mahsyarsaid
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