MACRO Bullish Case for GBCI on 1 Month

Glacier Bancorp (GBCI) has some Macro develops that have caught my eye on the 1 Month timeframe.

With the right lower timeframe signals, there may be a trade at some point.

Ill be looking at price action, chart patterns, indicators, candle configurations and more to continue my assessment on this.

NOTE: Being that this initial assessment is on 1 Month, keep in mind we still have 8 days for this month's candle close.
Also being that this is on 1 Month, price movements can showcase strong macro level trends, with potential long duration.

WHY this stock has caught my fancy?

Note price action, we are in a clear uptrend, maintaining the support trendline.

We are also currently breaking out of a Resistance trendline that was responsible for the declines from its top at roughly $58.00.

Though breakout seen, we are still in need of confirmation. Which we maybe able to gauge at in the 1 week.

The candle responsible for breakout is a massive Engulfing Bullish Candle.

We are also getting close to the Resistance Zone depicted by the red rectangle placed. WHich is an extreme Supply zone. It won't be easy to get past this so keep in mind potential push back.

Areas to consider Support test on the Resistance trendline and the Uptrend Support trendline.

Also we may be in a Ascending Triangle Pattern created by Support trendline + Horizontal Resistance.

Other Signs:
VOLUME: Positive Volume Uptrend, will need to see Volume Continue upward especially during breakout through resistance.

MOMENTUM Indicators:
If we maintain current trajectory of indicators at the close of this Months candle, Momentum will be on our side.
With Stoch RSI showcasing Bullish Cross above 20 lvl and MACD attempting to Cross ABOVE 0 lvl with Green histobar print.

All positive signs.

Such developments supports attention and observation on GBCI.

Look to more updates on this.