Bloomberg Finance: 10.00% Strategy Pref A Triggers Death Crosses, Bearish Marubozu

The 15-minute chart for Strategy Pref A 10.00%'s triggered a MACD Death Cross, KDJ Death Cross, and Bearish Marubozu on September 12, 2025 at 12:00. This indicates that the stock price has the potential to continue falling, as momentum is shifting towards the downside and there is a likelihood of further decreases in the stock price. Sellers currently dominate the market, and bearish momentum is likely to persist.

Pelican Acquisition Corporation (PELI) has been subject to significant market shifts and strategic developments. On September 12, 2025, the stock experienced a MACD Death Cross, KDJ Death Cross, and Bearish Marubozu on a 15-minute chart, indicating a potential continuation of downward price movements. These technical indicators suggest that momentum is shifting towards the downside, and sellers are currently dominating the market. Investors should remain cautious as bearish momentum is likely to persist.

Strategic Mergers and Acquisitions

Pelican Acquisition Corporation has been actively involved in strategic mergers and acquisitions. On September 10, 2025, the company announced a definitive merger agreement with Greenland Exploration Limited and March GL Company, forming Greenland Energy Company (GLND). The combined entity will have an implied valuation of $215 million for up to 70% ownership PELICAN ACQUISITION CORP Stock Price, News & Analysis^[1]. This merger focuses on developing the Jameson Land Basin in East Greenland, which has an estimated multi-billion-barrel oil potential. The project builds on ARCO's previous $275 million investment and includes over 50 distinct oil and gas targets.

Market Impact and Sentiment

The Rhea-AI summary for the merger agreement indicates a positive sentiment, with the combined company expected to trade under the ticker GLND. However, the recent technical signals suggest a bearish trend. The stock's market cap as of September 9, 2025, is approximately $120.4 million .

Conclusion

Investors should closely monitor PELICAN ACQUISITION (PELI) for any further developments in its strategic mergers and acquisitions, as well as the ongoing bearish technical signals. The company's recent strategic moves and market sentiment indicate a complex investment landscape, requiring careful consideration.

References

PELICAN ACQUISITION CORP Stock Price, News & Analysis^[1] https://www.stocktitan.net/news/PELI/
https://www.stocktitan.net/news/PELI/