GHLL.N - GALADARI HOTELS (LANKA) PLC
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
21-02-2023
Buyers broke the trend line after the accumulation was complete and stated it upward momentum.
02-03-2023
MA 20 crossed MA 50.
03-03-2023
It broke key resistance levels but failed to close above the resistance of 14.10, but it closed above the price 13.30 and we can assume that the selling volume has been absorbed.
The RSI is in a heated position at the moment.
The next resistance is 15.30-15.40, but it is a weak resistance.
20-03-2023
Bulls managed to break the price above 14.10 and close above it. A good buy volumes has been observed.
13.30-14.10 will be a good support for the share depending on the overall market sentiment.
31-03-2023
There was less activity in the share and price closed creating a DOJI candle.
MACD is showing some weakness but RSI is keeping above the mid line and ranging.
21-02-2023
Buyers broke the trend line after the accumulation was complete and stated it upward momentum.
02-03-2023
MA 20 crossed MA 50.
03-03-2023
It broke key resistance levels but failed to close above the resistance of 14.10, but it closed above the price 13.30 and we can assume that the selling volume has been absorbed.
The RSI is in a heated position at the moment.
The next resistance is 15.30-15.40, but it is a weak resistance.
20-03-2023
Bulls managed to break the price above 14.10 and close above it. A good buy volumes has been observed.
13.30-14.10 will be a good support for the share depending on the overall market sentiment.
31-03-2023
There was less activity in the share and price closed creating a DOJI candle.
MACD is showing some weakness but RSI is keeping above the mid line and ranging.
Comment:
Noticed that the share is moving withing a symmetrical triangle pattern though the pattern is not well formed.