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Gitlab (GTLB) Squeeze Tightening at Top of Value Area

Gitlab (GTLB) Squeeze Tightening at Top of Value Area

by | Jul 27, 2022 | Chart SetUps

Gitlab (GTLB) shares coiling in a tight squeeze pattern on top of the monthly value area of support after a test of the 55 EMA this week and now an inside day formed today. A move above today’s high at 55.14 can trigger a buy signal back to 60 short term and potential to test that overhead 200 EMA near 64 on follow through strength.