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lauralea
Mar 28, 2023 3:13 PM

Descending Triangle  

Globant S.A.NYSE

Description

Price is below the lower line which now resistance.
Support noted at the long shadows/tails of the candles. This does not look like a super strong support level just yet.

Candles of indecision noted.

This was a neutral pattern and price broke to the downside.

Targets in orange type are possible targets to the downside with T1 in larger type than T2 etc. T2 is evaluated if T1 is passed.

No recommendation/Strong stock as a rule.
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