Globant S.A. ( $GLOB ) – stock is trading little over 100 as of July 13th , 2019 and offering a possible buying price between $105.43 – $110.70. Let’s look at the stocks technical actions using a weekly chart.
2. The stock broke out from a long sideways base back in mid January.
3. The stock made a quick run after the breakout.
4. It consolidated for couple of months in a tight sideway move.
5. The stock witnessed a rock solid run after that.
6. The stock also found support at the 50 day moving average during the run.
7. The also saw a rock solid volume accumulation during the run.
8. The stock offering possible buying price between $105.43 – $110.70 with a stop loss at $97.
