$Gorilla Technology(GRRR)$ π¦ππ₯ GRRR IS BACK: Gorilla Tech Coils for Another Wild Ascent π₯ππ¦
Gorilla Technology ($GRRR) is starting to roar again, and if history rhymes as it often does in parabolic growth cycles, this might be the early innings of another explosive move. After retracing from its euphoric high of $44.15, weβre now observing a structurally bullish setup coiling with confluence across price action, volume, and technical momentum, echoing its prior launch pattern from late 2023.
Todayβs +13.06% surge to $20.17 is more than a bounce, itβs a signal.
π Technical Pattern Recognition: A Mirror of Past Parabolas
The annotated daily chart reveals fractal symmetry in GRRRβs price structure, repeating bullish megaphone breakouts and rounding accumulation bases. The latest formation appears to be a bullish cup-and-handle nested within an ascending triangle, with price pushing above short-term resistance.
π Key highlights:
β’ The breakout candle closed decisively above $20 with strong body range and volume expansion
β’ Weβre riding above the 10-day and 30-day MAs ($17.95 and $17.92 respectively), and price is now challenging the 20-day MA at $21.32
β’ Bollinger Bands are expanding again after weeks of tightening, with price pushing above the middle band, a known volatility squeeze trigger
β’ RSI(6) on the weekly chart sits at 55.48, a zone historically marking the start of impulsive moves in GRRRβs past surges
π― Historical Fractal Price Targets
By measuring previous expansions and overlaying this onto the current breakout base, we get the following target projections:
π― $30.50 based on a 2x breakout move from the current $15β$17 base
π― $35.00 from symmetrical triangle apex projection
π― $44.15 retest of the all-time high from March
π― $48.90 as a fib-based extension mirroring the March parabolic structure
π§ Fundamental Context: Why GRRR Still Has Room to Roar
Gorilla Technology is capitalising on its edge in surveillance tech, data analytics, and AI security platforms, markets forecasted to compound annually at double-digit rates. The stockβs violent moves are not just meme-driven, they stem from a tight float, low institutional ownership, and a unique tech niche attracting speculative but strategic capital.
π Key fundamental tailwinds:
β’ The float is limited, increasing squeeze potential. Short interest data is thin but options activity suggests upside speculation is returning
β’ Market cap remains under $500M despite the massive addressable market
β’ Management recently signalled upcoming product roadmap updates, and prior filings hinted at expansion into AI-enhanced law enforcement solutions across Asia-Pacific
π‘ Momentum Indicators Turning Bullish
From your RSI and MACD readings:
β’ RSI6 is trending higher at 55.56 (daily) and 55.48 (weekly), indicating bullish medium-term momentum
β’ MACD histogram remains negative but is flattening out with a potential crossover setup (DIF: 1.27 vs DEA: 2.31), hinting at an early-stage reversal
β’ CR(23,5,10,30) suggests accumulation may be quietly underway after prior exhaustion in March
π₯ Order Book and Intraday Action: Buyers Taking Control
Todayβs intraday price action shows a textbook flag breakout. The bid/ask spread is tightening, with aggressive bids at $20.13 and ask walls starting to move higher. This kind of microstructure shift often precedes momentum runs.
π¬ Historical Reference: Echoes of January to March 2025
During the prior run from $3.71 to $44.15, we saw a similar structure, tight range compression, breakout over short-term resistance, and then explosive vertical acceleration within days. Price is again forming the same fractal arc, now from a higher low base.
π What to Watch
β’ Break and hold above $21.50 confirms breakout from the triangle
β’ Volume over 5M/day signals retail momentum confirmation
β’ A MACD crossover on daily and weekly timeframes would solidify medium-term trend reversal
β’ Resistance zones: $23.93, $30.50, and $35.00
β’ Near-term support: $17.70 (8EMA)
π§ Contrarian Insight: Institutions Still Absent
Despite this being a hyper-volatile stock, thereβs little sign of major institutional presence. This means retail and algos are in control, a dangerous but explosive environment. That said, if GRRR confirms its base and attracts even modest institutional flow, a reversion toward its prior ATH isnβt unreasonable. Remember, the float is tiny, and attention is returning.
π’ Donβt miss out! Like, Repost and Follow me for exclusive setups, cutting-edge trends, and insights that move markets ππ Iβm obsessed with hunting down the next big movers and sharing strategies that crush it. Letβs outsmart the market and stack those gains together! π
Trade like a boss! Happy trading ahead, Cheers, BC πππππ
@Tiger_comments @TigerWire @TigerPicks @TigerStars @Daily_Discussion @Tiger_CashBoostAccount
Comments
Great article, would you like to share it?