$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.
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.