GHLSYS has been contained within a trading range bounded by line A & B for 3 years (since Apr 2017 till Apr 2020)
Price then breaks out of above line A with strong bars with increasing , which may indicate genuine interest by smart money to break out of the range.
After breakout , price retraced again downward until down candle C which has long lower wick with high , and this may indicate strong buyers have appeared. Then we see candle D which is a NO SUPPLY candle (small down candle with lesser than previous 2 candles, which may indicate no selling interest.
Candle E is another small down candle with lower wick, but this time with low (blue arrow) , which may indicate a "low test" of any remaining supply (low test means not much supply left).
I'm looking forward for price to move up further, even beyond the recent high after the breakout.
Trade at your own risk, comments are welcomed.