GLOG currently sitting on resistance line, might be a good entry point, looking forward to confirmation on the next market day
The 16 level is a clear line in the sand. The R/R breaks down to 3/1. 22 being the target and 14 being the stop out level. I would wait for a retest of the 16 level and see what happens.
GLOG IS THE COMPANY THAT SPUN OFF ITS PARENT COMPANY GLOP, WHICH USUALLY IS THE OTHER WAY AROUND HOWEVER ALTHOUGH ADVOIDING THE THREE MONTH RULE CERTAIN EXCEPTIONS APPLY.... IF A COMPANY HAS SUFFICIENT EARNINGS AND HAS ADDITIONAL REVENUE THEY WILL IMMEDIATELY PROSPER. AS SHOWN IN THE FIB LINES ON AN INCREDIBLE UPTREND EACH MOVE BREAKS THROUGH ANOTHER FIB...
What seems to be an obvious head & shoulders pattern forming on the 30 Min chart. Also noticed the MACD is about to cross