Reliance Global Group RELI is very bullish

Let’s take a quick bird’s eye view of Reliance Global Group...

Stay Ahead of the
Stock Market Game!
Subscribe to Small Cap
Exclusive for more


Guess Who Picked Valeant Pharmaceuticals Internation...
BELLUS Health Inc. (Nasdaq:BLU; TSX:BLU) announces 2...
Guess Who Cyclacel Pharmaceuticals Inc. (NASDAQ:CYCC...

Let’s take a quick bird’s eye view of Reliance Global Group RELI and why RELI is up over 200% in less than two weeks. Before we get started, let’s go over the particulars.

Company Name: Reliance Global Group

Ticker: RELI

Exchange: NASDAQWebsite:

Reliance Global Group Company Summary:

Reliance Global Group, Inc. (NASDAQ: RELI, RELIW) is combining advanced technologies, with the personalized experience of a traditional insurance agency model.

Also, Reliance Global Group’s growth strategy includes both an organic expansion as well as acquiring well managed, undervalued and cash flow positive insurance agencies.

Why did it go up over 200%?

Reliance Global Group RELI announced a private placement of preferred stock, common stock and warrants for gross proceeds of $20.0 million before deducting the placement agent’s fees and other estimated offering expenses.

The offering is expected to close on or around December 27, 2021.

Reliance Global Group RELI 1 Day Chart:

RELI technical analysis

I expect it to consolidate in between $6.13 & $6.36 before the next move. I’m feeling good about this stock and believe with the big news and the overall bullish trend in the 5 day and 1 day that it is a stock to watch carefully! 

If the stock falls below $6.13, that is an indicator of a pullback so be careful!

Stay in the lopp :

Here's Who Just Picked Up Tallgrass Energy Gp...
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Tallgrass Energy Gp Lp (NYSE:TEGP) reported that Salient Capital Advisors,
Is Just Energy NYSE: JE ready for a comeback ...
Bullish Pullback on Friendable Inc (OTCMKTS:F...
Friendable Inc (OTCMKTS:FDBL) shares dipped 7.69% on Friday to $0.00120 and an additional 1.50% to $0.00118 in after-hours trading. Share prices have been trading

related post

Skip to content