- Globant respected its former channel from 2015 - 2019 with great consistency. - The current price action suggests a new channel is forming and bouncing from the lower range of the channel. - Weekly breakout confirmed last week.
A breakout of cup base, good fundamentals to drive price growth.
Entry level $114.00 on the breakout Target price $128.55 to Fibonacci expansion target. RSI in very strong uptrend with plenty of room to run higher. Bullish volume increasing, will look for a major volume spike to confirm legitimate breakout. Globant SA engages in the provision of information technology services. It offers application development and...
An IT solution company with some big client such as Disney, American express, coca cola, Dell, cisco and Walmart . Had a nice run of about 90% on 2019 . I don't like its poor volume but it Looks like we have formed an ascending triangle .
This has rested well and time to ramp up to near 110 in short period of time. Magic time
taking a breather now. Prices marked on the downside.
Great earning and this name is not one of the names where traded by many. No action after hours but during hours it will be near 88 tomorrow. Own few shares too.
Will explode soon after er. If you don't know this name, get to know this. Playing w/commons + Options and it is rewarding.
Oversold and crawled in this area for long time, ready to move foward
$GLOB what a bounce off support (an IBD 50 stock). Volume indicates it was bought heavily after the sell off.
GLOB is on channel line support with weekly stochastic divergence. This move could happen quickly or there could be some consolidation first, be patient. Buy: 41.75 Target: 42.66 - 44.28 (2.20% - 6.05%)
@rahagar rsi flat/macd turned up/candles bot back. Hourly looks like it wants down tho-some volume there. Hmm
@rahagar it blew through the 200 once before and had a big v recovery ... some hope here?
NYSE:GLOB is extremely oversold and is approaching major support level of $32.6, I will wait for a higher high and higher low on hourly and then enter for a target of $36.