Trend Tracker for (GLOB)

November 01, 2024, 21:18 pm ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GLOB

• Buy GLOB near 186.6 target 213.97 stop loss @ 186.06 Details

The technical summary data tells us to buy GLOB near 186.6 with an upside target of 213.97. This data also tells us to set a stop loss @ 186.06 to protect against excessive loss in case the stock begins to move against the trade. 186.6 is the first level of support below 210.12 , and by rule, any test of support is a buy signal. In this case, support 186.6 is being tested, a buy signal would exist.

• Short GLOB slightly under 213.97, target 186.6, stop loss @ 214.59 Details

The technical summary data is suggesting a short of GLOB as it gets near 213.97 with a downside target of 186.6. We should have a stop loss in place at 214.59though. 213.97 is the first level of resistance above 210.12, and by rule, any test of resistance is a short signal. In this case, if resistance 213.97 is being tested, a short signal would exist.

Swing Trading Plans for GLOB

• Buy GLOB slightly over 212.18, target 213.97, Stop Loss @ 211.57 Details

If 212.18 begins to break higher, the technical summary data tells us to buy GLOB just slightly over 212.18, with an upside target of 213.97. The data also tells us to set a stop loss @ 211.57 in case the stock turns against the trade. 212.18 is the first level of resistance above 210.12, and by rule, any break above resistance is a buy signal. In this case, 212.18, 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 212.18, target 186.6, Stop Loss @ 212.79. Details

The technical summary data is suggesting a short of GLOB if it tests 212.18 with a downside target of 186.6. We should have a stop loss in place at 212.79 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, 212.18, 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 212.18, target 213.97, Stop Loss @ 211.68 Details

If 212.18 begins to break higher, the technical summary data tells us to buy GLOB just slightly over 212.18, with an upside target of 213.97. The data also tells us to set a stop loss @ 211.68 in case the stock turns against the trade. 212.18 is the first level of resistance above 210.12, and by rule, any break above resistance is a buy signal. In this case, 212.18, 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 212.18, target 209.77, Stop Loss @ 212.68. Details

The technical summary data is suggesting a short of GLOB if it tests 212.18 with a downside target of 209.77. We should have a stop loss in place at 212.68 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, 212.18, 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 November 01:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	159.41
P2	209.77	212.18	186.6
P3	216.68	219.9	213.97

AI Generated Signals for GLOB

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The data for Globant S.a. (NASDAQ: GLOB) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for GLOB change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if GLOB is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for GLOB too.  All of these are offered below the Summary Table.