# GTLB (GitLab Inc.) Daily Chart Analysis – 6/2/26Gitlab, Inc. Class ANASDAQ:GTLBEthicalxTrader# GTLB (GitLab Inc.) Daily Chart Analysis – 6/2/26 ### Company Information GitLab Inc. provides a comprehensive DevSecOps platform that helps organizations manage software development, security, and deployment workflows in a single application. The company continues to benefit from long-term trends in cloud computing, AI-assisted development, and enterprise software modernization. ### Key Observations • GTLB has experienced a significant multi-year correction from the 2021 highs near $137. • The stock recently established a major bottom near: • $18.73 • A powerful rebound has occurred over the past several weeks, pushing shares back above the daily 50EMA. • Current price sits around: • $33.07 • The recent move represents one of the strongest rallies GTLB has produced since entering its longer-term downtrend. ### Pattern Structure • The long-term trend remains technically bearish due to the declining multi-year trendline. • However, price has produced a meaningful higher low and higher high sequence from the spring bottom. • The current rally has reached an important resistance cluster around: • $33.61 • $36.69 • A breakout through these levels would likely trigger additional momentum buying. ### Support & Resistance Levels #### Resistance • $33.61 • $36.69 • $40.84 • $44.74 • $48.74 • $53.44 • $56.02 #### Support • $28.62 • $26.83 • $23.75 • $18.73 ### Volume & Trend Notes • Volume expanded significantly during the recent rally off the lows. • The sharp recovery suggests institutional accumulation may be occurring after the extended selloff. • Momentum has shifted bullish in the short term, but GTLB remains below the larger multi-year descending trendline. • Bulls will want to see consolidation above the 50EMA rather than immediately giving back gains. ### Daily EMA Analysis • Price has reclaimed the daily 50EMA. • The 50EMA is beginning to curl upward after a prolonged decline. • The 200EMA remains above current price and continues acting as major resistance. • A future reclaim of the 200EMA would be a significant long-term trend improvement. ### ✅ Trading Plan #### Bullish Scenario Trigger: Break and hold above $33.61 Targets: • PT1: $36.69 • PT2: $40.84 • PT3: $44.74 • PT4: $48.74 Stop Loss: • Close below $28.62 #### Bearish Scenario Trigger: Rejection from $33.61 resistance and loss of $28.62 Targets: • PT1: $26.83 • PT2: $23.75 • PT3: $18.73 Stop Loss: • Reclaim above $33.61 ### Summary GTLB is showing some of the strongest technical improvement it has displayed in quite some time. The stock has rallied sharply from the $18 area, reclaimed the daily 50EMA, and is testing its first major resistance zone near $33.61. A successful breakout above this area could open a larger recovery toward the low-to-mid $40s. The longer-term trend is not fully repaired yet, but the recent price action suggests a potential trend reversal may be developing.