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...