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US Stock In Play: $GTH (Genetron Holdings Ltd – ADR)

Long
NASDAQ:GTH   GENETRON HOLDINGS LIMITED SPON ADS EACH REP 5 ORD SHS
$GTH staged a strong rally since the start of 2021, posting a gain of +29.57% this week where market remains muted and ranging. The price action of a Bearish Shooting Star Candlestick (printed on 6th January 2021) have garnered plenty of attention within our community. The particular price action was observed with the following attributes;

1. Highest daily sessional volume in 4 months coupled with attempts to close above its all time high price level,
2. Bullish Runaway Gap pattern conflicting with a Bearish Shooting Star candle print,
3. Substantial uptick in average price volatility .

The highlighted Bearish Shooting Star candlestick signal was subsequently negated with a further bullish momentum infusion on 12th January 2021, putting $GTH in a spotlight at all time high level with further price volatility increment towards $1.23/day.

$GTH is currently trading at a daily average range of 5.3%, with no near term technical weakness exhibited.

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