0RIX trade ideas
Globant Enter The AI Revolution with a Stable & Stable Trend!Fundamentals:
Looking at Globant (symbol: GLOB) that Argentinian-based company, they focus on digital transformation and cognitive instruments involving AI, VR,AR and screenless UX.
According to their investor presentation, they operate in "56 offices in 36 cities throughout 16 countries."
From 2014 – 2018, a 27% Revenue CAG
91% of LTM Q3 2019 Revenue from Existing Customers. They have big ticket clients, from Stanford, Google, Nestle, PWC, Coca-Cola, National Geographic
Globant is a stable Company with a stable price trend.
Daily Technical:
Tight range
higher volume
Volume divergence
*I am using a smaller timeframe to trade, but my larger target is around 200.
30% upside in this software stock this year: GLOB- 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.
$GLOB Globant SA breakout trade
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 maintenance, testing, and infrastructure management. The company was founded by Martín Migoya, Martín Gonzalo Umaran, Guibert Andrés Englebienne and Néstor Nocetti in 2003 and is headquartered in Luxembourg.
Glob is getting global?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 .
GLOB: Finally after more than a week of down daysThis has rested well and time to ramp up to near 110 in short period of time. Magic time
GLOB: One of my fav name and it did not surprise meGreat 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.
GLOB: Pattern identified and in process of accumulationWill explode soon after er. If you don't know this name, get to know this.
Playing w/commons + Options and it is rewarding.
$GLOB what a bounce off support (an IBD 50 stock)$GLOB what a bounce off support (an IBD 50 stock). Volume indicates it was bought heavily after the sell off.
GLOB - Bull FlagGLOB 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%)
4ema kissing 8ema@rahagar rsi flat/macd turned up/candles bot back. Hourly looks like it wants down tho-some volume there. Hmm
Are you bottoming GLOB?@rahagar it blew through the 200 once before and had a big v recovery ... some hope here?
Possible Long OpportunityNYSE: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.
