GGLThe price has experienced a retracement subsequent to forming a triple bottom pattern. This pattern necessitates a breach of its resistance level at 10.70 for completion. Following a successful breakout and subsequent retest, there is potential for the price to gravitate towards its subsequent resistance level at 11.65.
GGL trade ideas
GGL - PSX - possible setup.GGL appears to be in an accumulation phase, marked by a bullish divergence and the formation of a bullish candlestick pattern. Consider initiating a buy position if the price surpasses 10.30, with a suggested stop-loss set at 9.37. Targets for profit-taking could be set at 11.20 (TP1) and 11.90 (TP2).
PSX: GGL HARMONIC BULLISH REVERSAL PATTERN On hourly charts GGL has been in downtrend, thus, forming the bullish reversal harmonic pattern.
It is worth noting that the RSI is also showing bullish divergence which is working as conformation to the harmonic pattern.
To trade from safety it is suggested to take the trade when previous high, which is 10.70 is breached.
Detailed trade plan has also been for the convenience.