GL news catalyst backside trade LONG
Updated
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.
It shows how price action can be manipulated and how retail traders can play the manipulation.
Trade active
Early on GL recovered another 8%- stop loss now above break even. 10@ of the position closed to realize some profit. Remaining 90% at risk but with a stop loss
above break even so the trade is now risk free.
Trade active
GL moved up further. Looking for more.Trade active
Note
Note
GL $59.20Massive -50% unwind on this name after a notable short research firm accused them of insurance fraud.
The stock had started getting bought back up late day Friday. We could potentially see more technical bounce early next week.
Please double-check that no more follow-up news on the short report is revealed next week. If new negative report is published, the stock will most likely sell off even more, making it undesirable for longs.
IF the stock can break through highs from Friday, look for potential trend join long setups to the upside.
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40% gain in 8 days an excellent return with minimal effort. Holding full position and looking for more.
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