Well... Not a well good day/week/year to publish an investing idea, but... there you have my bet. Globant still is a huge dependency for tons of big companies (like Disney, EA Games, Banks, etc). My bet still positive about GLOB.
GLOB stock price has completed the correction. The fundamentals point to the improvement, the Co manages to beat the EPS and Revenue. A recovery towards 240 / stop below 150. Size your risk accordingly.
Globant got corona'd due to macro factors, but longer term up-trend on this great IT growth stock still holding. Stop at $105 and target $140. Timeframe a few months
- 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.