GCI broke out of its two weeks consolidation, posting a gain of +9.76% at the closing session. The range of its intraday price action also witnessed GCI resisted within a congested Uptrend Channel since 23rd December 2020.
With GCI currently trading ($4.61) 45% away from its 52 weeks high of $6.74, the existing emergence of increasing volatility along with trading volume will likely put GCI on a trajectory back towards its year high level upon a parabolic breakout of the current Uptrend Channel consolidation.