Global Brokerage Inc. (GLBR)

[mdimport]

Trading action is suggestive that the litigation which has followed $GLBR is about to be positively resolved.

"... There has been a slight change in the timing of the proceedings in the lawsuit launched by investors in FXCM Inc, now known as Global Brokerage Inc (OTCMKTS:GLBR). The New York Southern District Court has rescheduled the oral argument on the defendants’ Motion to Dismiss the case against them.

The argument had initially been scheduled for February 27, 2019, but today Judge Ronnie Abrams signed an order granting a request by the plaintiffs to reschedule the argument. It is now set to happen on March 6, 2019. ..."



https://financefeeds.com/ny-court-reschedules-oral-argument-mega-lawsuit-fxcm-inc/

Trading volume has picked up. Earlier today, 10,000 shares were showing on the Ask at $0.1999. There are now only 5,000 shares showing on the Ask at $0.1999.



Golden Cross starting to form in $GLBR right before its oral argument on 03/06/2019. The Golden Cross should form around $0.08, but most likely in the upper $0.07 range.

Golden Cross Definition from Investopedia: https://www.investopedia.com/terms/g/goldencross.asp

Key Takeaways
- The golden cross is a technical chart pattern indicating the potential for a major rally.

- The golden cross appears on a chart when a stock’s short-term moving average crosses above its long-term moving average.