GLBE bulllish reversalGLBE bullish reversal is confirmed it has broken out of the long bearish channel and then retested the channel boundary as support and now making a bullish move slowly
Entry can be made now!!
GLBE/N trade ideas
Global-e Posts Q1 2024 Results Shares Set for a Bullish BreakoutGlobal-e Online Ltd., ( NASDAQ:GLBE ) the leader in global Direct-To-Consumer eCommerce enablement, reported its Q1 2024 financial results, marking a great start for what they believe is set out to be another pivotal year for the company. The company's strong results, including numerous client adds and business expansion across all geographies, and with the team's solid execution along all strategic goals, including the continued growth of Shopify Markets Pro, remain on track to achieve another year of exceptional growth.
GMV1 in Q1 2024 was $930 million, an increase of 32% year over year. Revenue in Q1 2024 was $145.9 million, an increase of 24% year over year, with service fees revenue being $68.3 million and fulfillment services revenue being $77.6 million. Non-GAAP gross profit in Q1 2024 was $66.1 million, an increase of 36% year over year. Non-GAAP gross margin in Q1 2024 was 45.3%, an increase of 390 basis points from 41.4% in Q1 2023. Adjusted EBITDA in Q1 2024 was $21.3 million compared to $14.5 million in Q1 2023. Net loss in Q1 2024 was $32.1 million compared to $43.1 million in Q1 2023.
Recent business highlights include launching brands across geographies and verticals, expanding business with existing brands and brand groups, and establishing strategic partnerships with Shopify. The company is also introducing second quarter guidance and raising the full year guidance.
Q2 2024 results show that Gross Merchandise Value (GMV) increased by 32% YoY, while revenue increased by 24% YoY. Adjusted EBITDA increased by 24.5-$28.5 YoY, with share-based compensation expenses potentially having a significant and potentially unpredictable impact on the company's future financial results.
Technical Outlook
Global-e Online Ltd ( NASDAQ:GLBE ) stock is up 3.59% on Monday's Pre-market trading with the asset forming a "Bullish Symmetrical Triangle". Another bullish factor accentuating NASDAQ:GLBE 's bullish campaign is the "Bullish Engulfing" pattern depicted in the daily price chart.
The stock has been on a falling wedge since the start of April, 2024.
$GLBE Double InsideNASDAQ:GLBE double inside and mini coil
volume in pivot less than ideal.
Stock can move, if you play it, size accordingly.
GLBE setupContinues to find higher lows and buyers stepping in at the 50 MA. Looking for a visit to the descending trendline and if it breakout, look for a small run to 35.
Kicker: earnings next month might suppress any movement though.
QuickTrade Idea n. 229I am Bullish above $23.2 with target at $24.4
I am Bearish below $21.21 with target at $20.32
GLBE Swing IdeaIf GLBE can stay above this zone, $29.71 would be my first pt and the final pt would be $36.37 area
GLBE dip buy swingExpecting a bounce and saw a triple top with a breakout on the hourly following the bounce at $30. this is trade #4. will update with results. super tight stop on this one. max loss around $250
Long $GLBE CMP $74.64Long $GLBE CMP $74.64. Possible triangle breakout. Will create new all time high soon. MACD turning positive. Trading above most of the moving averages.
Khan's Chart-Requests 15 - $GLBEMoves in a long parallel channel, between 2 spikes we have more or less 1 month of consolidation. At the moment, Price dropped below Mid-Band what acts as current resistance. Once we close several candles on top, the next spike could be ready.
GLBE: +8% Rally, Pullback Near Entry Global-E Online put in an +8% Rally on the following day before pulling back to entry. Original idea attached.
$GLBE CMP $66.70$GLBE quick trade. May bounce back from 50 EMA. Appears to be repeating pattern. Target $75
GLBE: Buy If This HappensWhen it clears $71.70, with a strong candle and volume.
It's been finding support on the 50-EMA, which is in line with the short term 50/61.8% Fib and trend line support.
Current: $69.24
Stop: $65.15
Tgt: $83.40
GLBE - S/R switch (9/7/21)Has been a whippy play in a overall IPO environment that has been performing well. The stock had a support / resistance switch (S/R) which could offer a favorable entry with a low risk high reward play. Was whipped out of a position on 9/2 trying to catch that support as a cheat buy and it did not pan out as it broke that intra-day. Looking at some wick play it looks like we are seeing a hammer bar on Friday as well as a inside day. Looking at the overall pattern you could potential see a flag from the 12% move on Aug 30th but that is currently not one of my stronger patterns to grasp.
Bear case for this name would be that it is not participating like some of the other strong IPO names but what it does have going for it is that it is a little more beaten up therefor is not too extended relative to the overall growth stocks / IPOs. Stock has shown strong RS since the IPO and could have a long growth path ahead.
GLBE - Strong IPO Performance (8/23/2021)Volume profile has many buyers at current point which means that people want this stock at current prices. ATR and volume has been declining after a strong move. Not too far removed from the MA and the 5EMA trend is up. this is a High Tight Flag candidate which can indicate large moves and swings. We have wild price action the day after earnings where buyers and sellers were fighting for control of the stock with buyers taking the upper hand.
GLBEIf it holds above 63, it most likely will continue its move
My stop loss is daily close below 55
Global-e Online: Strong Price Action in Recent IPOA lot of recent IPOs have struggled, but strong price action has stood out in one particular firm: Global-e Online.
GLBE went public for $25 on May 11. That doesn’t provide much price history to analyze, but some patterns stand out.
First, the stock ripped to new highs in late June, then pulled back to hold its rising 21-day exponential moving average (EMA).
Second, notice how it bounced slightly above $51 on July 6 and 8. That was the high on June 16, which suggests old resistance has become new support. Previous stair-stepping occurred around $33.25, $35.75, $39.50 and $45.
GLBE is closely associated with Shopify , helping smaller businesses compete globally. Revenue more than doubled in the last year. The growth story could be especially interesting, given its access to this immerse but fragmented market.
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$GLBE To Build a Bigger Base?would love to see $GLBE build up a longer base around this level and base for a bit, get some rest before start moving higher again. If pullbacks to the 20 MA/21EMA is your type of things, this is setting up for that. I'll stick to my setups and just watch this from far for now.
