Gorilla Technology Group Inc., (GRRR) provides solutions in security, network, business intelligence & internet of Things technology in Taiwan & United Kingdom. It operates through three segments: Video IoT, Security Convergence & Other Segments. It comes under Technology sector & trades as “GRRR” ticker at Nasdaq.
GRRR favors upside against May-2025 low & current pullback should remain supported above $14.32 low extend higher. It confirms bullish sequence, once it breaks above $44.15 high.
It made all time low of $2.09 in August-2024 since inception after made all time high of $510. Since $2.09 low, it was showing impulse sequence higher in I, ended at $44.15 on 3.05.2025 in diagonal structure. Within I, it placed ((1)) at $34.41 high, ((2)) at $19.55 low, ((3)) at $38.88 high, ((4)) at $29.39 low & ((5)) at $44.15 high as I. ((1)) of I subdivided in 5 swings. Within ((1)), it placed (1) at $5.45 high, (2) at $3.71 low, (3) at $25.67 high, (4) at $10.85 low & (5) at $34.41 high. Below I high, it unfolded II in 3 swings pullback ended at $14.32 low in May-2025. Below I high, it placed ((A)) at $23.56 low, ((B)) at $34.12 high & ((C)) at $14.32 low as II. II correction was dip around 0.764 of I cycle.
GRRR – Elliott Wave Latest Daily View:
Above II low, it is showing 5 swings higher (1), ended at $27.90 high in 6.20.2025. (1) was subdividing in to 1 at $18.83 high, 2 at $15.35, 3 at 23.43 high, 4 at $18.14 low & 5 at $27.90 high. Below there, it favors corrective pullback in (2) in 3 or 7 swings pullback, which should stay above II low to rally higher. It placed A of (2) at $19.54 low, B at $24.88 high & favors downside in C leg below that level. As long as the pullback stays above II low, it should extend higher in (3), which confirm above $27.90 high. Alternatively, if it breaks below $12.20 low, it may correct II in double three structure against August-2024 low.
Source: https://elliottwave-forecast.com/stock-market/gorilla-grrr-bulls-control-key-support/