When (GLOB) Moves Investors should Listen
December 31, 2024, 16:48 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GLOB
- Buy GLOB near 203.32 target 233.95 stop loss @ 202.73 Details
The technical summary data tells us to buy GLOB near 203.32 with an upside target of 233.95. This data also tells us to set a stop loss @ 202.73 to protect against excessive loss in case the stock begins to move against the trade. 203.32 is the first level of support below 214.42 , and by rule, any test of support is a buy signal. In this case, support 203.32 is being tested, a buy signal would exist.
- Short GLOB slightly under 233.95, target 203.32, stop loss @ 234.63 Details
The technical summary data is suggesting a short of GLOB as it gets near 233.95 with a downside target of 203.32. We should have a stop loss in place at 234.63though. 233.95 is the first level of resistance above 214.42, and by rule, any test of resistance is a short signal. In this case, if resistance 233.95 is being tested, a short signal would exist.
Swing Trading Plans for GLOB
- Buy GLOB slightly over 215.46, target 224.01, Stop Loss @ 214.84 Details
If 215.46 begins to break higher, the technical summary data tells us to buy GLOB just slightly over 215.46, with an upside target of 224.01. The data also tells us to set a stop loss @ 214.84 in case the stock turns against the trade. 215.46 is the first level of resistance above 214.42, and by rule, any break above resistance is a buy signal. In this case, 215.46, 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 215.46, target 203.32, Stop Loss @ 216.08. Details
The technical summary data is suggesting a short of GLOB if it tests 215.46 with a downside target of 203.32. We should have a stop loss in place at 216.08 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, 215.46, 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 215.46, target 217.79, Stop Loss @ 214.96 Details
If 215.46 begins to break higher, the technical summary data tells us to buy GLOB just slightly over 215.46, with an upside target of 217.79. The data also tells us to set a stop loss @ 214.96 in case the stock turns against the trade. 215.46 is the first level of resistance above 214.42, and by rule, any break above resistance is a buy signal. In this case, 215.46, 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 215.46, target 214.28, Stop Loss @ 215.96. Details
The technical summary data is suggesting a short of GLOB if it tests 215.46 with a downside target of 214.28. We should have a stop loss in place at 215.96 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, 215.46, 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 December 31:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
174.02 |
| P2 |
214.28 |
215.46 |
203.32 |
| P3 |
217.79 |
224.01 |
233.95 |
AI Generated Signals for GLOB
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Globant S.a. (NASDAQ: GLOB) report below is a real world example. Included are trading plans for GLOB, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for GLOB:
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