Prior to MAY 2017 GLOW received virtually no movement in terms of volume even after an announcement in April 2017 that the company was out of compliance with NYSE.
Upon the news of GLOW regaining compliance with NYSE on 23 MAR the volume jumped the most since DEC 2017. Companies 8K from MAR 23
listed the Stockholder's Equity at 12.3 M (double the requirement set by the NYSE) providing stability for the foreseeable future.
Reduced debt from 11.5 M to .6 M
Cash on hand more than tripled from 1.1 M to 3.6 M
Reduced the amount of available shares by 404,587 just shy of 1% ultimately increasing volatility and the ability of the price to move.
20180323: L .2350 - H .3150 creating a 55* angle (85% growth) passing the previous resistance around .2690
BOTH RSI and MACD show bullish support; within a triangle originating from NOV 2017 (52 WK H of .6490 occurred in within this triangle)
Current price of .22 with .85% growth would place the price at .40 (the same resistance created after the 52 WK H)
Pending a bullish breakout from the triangle it is possible to surpass the 52 WK H maybe even reaching the Book Value for the FIRST time, currently resting at .82
Upon the news of GLOW regaining compliance with NYSE on 23 MAR the volume jumped the most since DEC 2017. Companies 8K from MAR 23
listed the Stockholder's Equity at 12.3 M (double the requirement set by the NYSE) providing stability for the foreseeable future.
Reduced debt from 11.5 M to .6 M
Cash on hand more than tripled from 1.1 M to 3.6 M
Reduced the amount of available shares by 404,587 just shy of 1% ultimately increasing volatility and the ability of the price to move.
20180323: L .2350 - H .3150 creating a 55* angle (85% growth) passing the previous resistance around .2690
BOTH RSI and MACD show bullish support; within a triangle originating from NOV 2017 (52 WK H of .6490 occurred in within this triangle)
Current price of .22 with .85% growth would place the price at .40 (the same resistance created after the 52 WK H)
Pending a bullish breakout from the triangle it is possible to surpass the 52 WK H maybe even reaching the Book Value for the FIRST time, currently resting at .82