Dark pool activity was detected in Haleon HLN stock on July 14, 2023. We think the dark pool trade could be a buy order on the company laying off thousands of workers. Also, HLN stock rose following the trade hitting the tape which suggests it could be a buy order.
Make sure to review this lesson on dark pool trading so that you understand the chart above.
Haleon to cut thousands of jobs globally, Guardian reports
On July 13, 2023, Haleon announced plans to cut hundreds of roles in the United Kingdom and potentially thousands worldwide, according to the Guardian. Source: https://www.theguardian.com/business/2023/jul/13/panadol-maker-haleon-plans-sweeping-job-cuts-year-after-being-spun-off-from-gsk
Haleon Stock Testing Horizontal Resistance
A break through A horizontal resistance chart pattern is a type of chart which shows how price movement follows a certain pattern when price reaches a certain level. The pattern forms a resistance... would be a swing long buy signal in HLN stock.