GL fell on bad news and started its recovery in the after-market hours. The idea is on the chart. It shows how price action can be manipulated and how retail traders can play the manipulation.
In a shocking turn of events, Globe Life ( NYSE:GL ) shares nosedived to their lowest point in almost four years following allegations of insurance fraud levied by short seller Fuzzy Panda Research. The company, already grappling with scrutiny over its practices, now faces a tumultuous road ahead as investors reel from the revelations. Fuzzy Panda's report paints...
current price > SMA 30 current price > EMA 50 price > trend line seasonality bullish local swing low > last swing low So in my eyes it's bullish and I'm long. But this could change with the FED meeting. Let's see.
Using the bowl structure in the middle we can assume symmetry between the up movement first and then the down movement that will come (in red) The channel is a long term up channel so a movement down wont affect the bulls that much
The PEAD projected a bullish outlook for $GL after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 85.71%
NYSE:GL is offering a nice buy entry . Enthusiastically Brought to You by ManhattanStocks All Requests , Suggestions and Remarks are Welcome
GL has been basing in this $98 for some time now With higher pivot lows first forming at $90 then $91 and now $94 The risk if wrong are getting smaller and smaller The 1st target would be a move to $104 then a retest of $108 in time
Hey my friends, GLOBE LIFE is in a bearish dynamic fake with a return of buying volume and a doji followed by a sell trace. The TIMEFRAME M1 shows us a dash with a low volume of purchase executed it goes in the direction of the VWAP. Subsequently on the basis of the bollinger to check it and reach the top of the consolidation zone to test it. Big possibility of...
What I see... + 3 rounds of 3 to 5 days burst with ~ 20% gain + Upward trend line providing support + 10MA crossed over upward last week + RSI at 50, crossed above + Inside Hammer pattern on + 50 MA is providing support - Would like to see the Hammer bar to have a descending vol. - Both 10 and 50MA are still under 200 MA - MACD appears to be crossing.. downward...