GHLSYS CORRECTION MODE AFTER TOUCH 1.08

GHLSYS

AFTER TOUCH OUR TP 1.06.....HAVE BIG CORRECTION NOW...SO, IS TIME FOR US TO FOUND...WHERE IS REAL SUPPORT PRICE FOR THIS GHLSYS....CHASE? GUESSING?

LAST TIME I HAVE MENTION 1.13 IS MID TERM..

http://chrissyconn.blogspot.com/2014/04/chart-updated-httpchrissyconn.html

SO, IS TIME TO FOUND OUT WHERE IS REAL SUPPORT FOR THIS CTR....

PRICE STILL HEALTHY BCUS STILL UPTREND MODE ...PRICE STILL ABOVE 200MA, PRICE STILL ABOVE 50MA MEAN 50DAYS MOVING AVERAGE 0.85...

BASED ON WEEKLY CHART ...INTERSTING THAT WE CAN FOUND SUPPORT PRICE AT 0.855...10 DAYS MOVING AVERAGE

some SHORT TERM TRADER will not play this counter...why? bcus still bearish at short term....punter time is OVER in this counter...now is the great time we can slowly patient found true support price BEFORE HAVE ANOTHER UP WAVE TO 1.15 BASED ON MIDTERM....

IN SHORT TIME....BASED ON MOVEMENT UNTIL 25/4/2014....
we can see price  have resistance at 0.935.....support at 0.85..... so, we wait for reversal happen ....

:D


UPDATED 30/4/2013

 29/4/2013 HAPPEN OVERALL BAD MARKET CORRECTION OVER 750 COUNTER DROP....SO, GHLSYS BROKE DOWN OVER 50MA.....

based on yearly chart, can realise if broke over 50ma, will immediately found 100ma is support price at 0.80.....based on previous weakness on end august , end January and early march....price can find strong  support on 100ma .....

WE NEED REVERSAL BASED ON,

1. we waiting wide spread up, on high volume, punching through the top of a trend channel (supply line)....
2. YEARLY CHART ALREADY OVERSOLD REGIONS ...
3. we wait STO blue line cross over RED line....

UPDATED  10 MAY 2014

REVERSAL GHLSYS after OVERSOLD  REGIONs

As we expect on 30/4/2014,

we can found reversal happen at 6th may 2014 , 

now we can found that' price will be RETEST 0.87 .....resistance 2 (R2) 0.93 , R3 0.99 , R4 1.08

support can found 0.825 , support 2 0.765 , support 3 0.73 cut loss if break down over 0.675....

UPDATED 21 JUNE 2014

20ma cross over 50ma ...price now stand above 50 ma is bullish short term....as we predict price touch resistance 0.99 drop back have correction .....so patient to wait another bullish trend....

congrats who bought at oversold zone...now have rewards....

our resistance still same 0.99 , 1.03/1.08 , if broke 1.08 will TEST NEW HIGH 1.16 /1.24 next resistance......