Bullish formation. Globe Telecom stock 🧐
• Potential to reach ₱5,000 per share.
• Last year, the stock was down by 50% from its previous all-time high.
• There’s a possibility of recovery this year, potentially reaching ₱3,400, followed by consolidation.
• A cup-and-handle formation could form, setting the stage for a target of ₱5,000 by 2026.
GLO trade ideas
Is the Next Generation ready? The reason I say this is that I believe base on the price action of globe it is time to pass the old money to the new money. It's clear that the price is currently exhausted if you check the Rsi it's showing a huge bearish divergence. But wave 3 can still double or triple but for now my view it needs a retracement. And it's time for new Gens