Learn to Evaluate (GLOB) using the Charts
September 30, 2024, 12:26 pm ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GLOB
- Buy GLOB near 185.48 target 212.9 stop loss @ 184.94 Details
The technical summary data tells us to buy GLOB near 185.48 with an upside target of 212.9. This data also tells us to set a stop loss @ 184.94 to protect against excessive loss in case the stock begins to move against the trade. 185.48 is the first level of support below 195.777 , and by rule, any test of support is a buy signal. In this case, support 185.48 is being tested, a buy signal would exist.
- Short GLOB slightly under 212.9, target 185.48, stop loss @ 213.51 Details
The technical summary data is suggesting a short of GLOB as it gets near 212.9 with a downside target of 185.48. We should have a stop loss in place at 213.51though. 212.9 is the first level of resistance above 195.777, and by rule, any test of resistance is a short signal. In this case, if resistance 212.9 is being tested, a short signal would exist.
Swing Trading Plans for GLOB
- Buy GLOB slightly over 198.73, target 212.9, Stop Loss @ 198.16 Details
If 198.73 begins to break higher, the technical summary data tells us to buy GLOB just slightly over 198.73, with an upside target of 212.9. The data also tells us to set a stop loss @ 198.16 in case the stock turns against the trade. 198.73 is the first level of resistance above 195.777, and by rule, any break above resistance is a buy signal. In this case, 198.73, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short GLOB slightly near 198.73, target 190.08, Stop Loss @ 199.3. Details
The technical summary data is suggesting a short of GLOB if it tests 198.73 with a downside target of 190.08. We should have a stop loss in place at 199.3 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 198.73, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for GLOB
- Buy GLOB slightly over 198.38, target 198.73, Stop Loss @ 197.92 Details
If 198.38 begins to break higher, the technical summary data tells us to buy GLOB just slightly over 198.38, with an upside target of 198.73. The data also tells us to set a stop loss @ 197.92 in case the stock turns against the trade. 198.38 is the first level of resistance above 195.777, and by rule, any break above resistance is a buy signal. In this case, 198.38, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short GLOB slightly near 198.38, target 190.08, Stop Loss @ 198.84. Details
The technical summary data is suggesting a short of GLOB if it tests 198.38 with a downside target of 190.08. We should have a stop loss in place at 198.84 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 198.38, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Globant S.a. (GLOB) available here: GLOB.
GLOB Ratings for September 30:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Weak |
| P1 |
0 |
0 |
157.81 |
| P2 |
198.38 |
190.08 |
185.48 |
| P3 |
202 |
198.73 |
212.9 |
AI Generated Signals for GLOB
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Globant S.a. (NASDAQ: GLOB) report below can help you understand how to do this. The trading plans for GLOB, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for GLOB:
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