Mar. 27 at 4:16 AM
$CRBG — weekly trendline wick and snap. This is the signal.
1W chart: 3-year ascending trendline from
$11.38 low. Price wicked BELOW it to
$23.19 this week — then snapped back above
$24.41 in the same candle.
That’s not a breakdown. That’s a liquidity grab.
Institutions swept stops below the trendline, absorbed the sellers, and immediately reversed. Volume Profile confirms: thin volume below
$23.00 = no real support there, move was mechanical not fundamental.
Volume Profile POC at
$26.10–26.35 = the magnet. Thin volume between here and there = fast move once
$24.76 clears.
RSI at multi-year lows curling up. Weekly bullish engulfing candle forming.
Bull:
$24.76 clears →
$25.23 →
$26.10 POC →
$28.50 →
$30.
Bear:
$23.50 fails →
$22.94 →
$21.00 →
$17.00.
AIG spinoff. Life insurance + annuities. Tariff-immune. Rate-tailwind.
Trendline wick + RSI low + POC magnet.
$24.76 is the trigger.
#CRBG #insurance #financials #hovdid
