Jun. 29 at 12:38 AM
$GLOB — Globant — is down roughly 85% from its 2024 highs, sitting at
$30.03 and carving out a base right at long-term support. This is exactly where a stock proves itself or folds.
But here's what the wreckage is hiding: the business is not broken. Globant is a global digital-transformation and AI software-engineering company — it builds products, platforms, and AI solutions for major enterprises all over the world. This is real, scaled, in-demand work, especially as every company on earth scrambles to bolt AI onto their operations. The stock got thrown out with the bathwater. That disconnect between a falling price and a working business is exactly where opportunity lives.
The Setup
Today GLOB ripped +8.29% on about 9 million shares — a massive volume spike off a deeply beaten-down base. That matters. When a stock that's been left for dead suddenly moves hard on huge volume, that's not retail noise — that's the footprint of bigger buyers stepping in and accumulating. It swept its lows, and now it's trying to base and turn.
This is a textbook capitulation-reclaim: a rounding bottom forming at multi-year lows, RSI hammered into oversold with plenty of room to recover, and the moving averages sitting way overhead as targets — the 150-day MA at
$51.45 and the 200-day MA at
$53.36. That's how far this thing has to travel just to get back to "normal," which is exactly what makes the reward side so big. How a stock reacts at these long-term lows tells you everything about whether buyers are stepping in or stepping away — and today they stepped in with force.
The Path Higher
This is a staircase move with clear gates to watch:
First gate:
$32.50 (1D) — a decisive close above this confirms the bounce is real and momentum has shifted.
Then
$42.00 →
$44.64 (1D resistances) — the acceleration zone.
Then the moving-average cluster:
$51.45 (150MA) →
$53.36 (200MA).
Final target:
$54.36 (1W resistance) — the magnet and the destination for this move.
There may be one final dip to test the lows before the real move begins — but that's exactly why the stop is set where it is, wide and defined down at the structural support.
The Breakout Trigger
A decisive close above
$32.50 confirms renewed bullish momentum. That's your line in the sand.
Target:
$54.36 (1W resistance)
Stop:
$23.75
R:R: 3.87:1
Stop clearly defined at
$23.75 — risk/reward of nearly 4 to 1. Beaten-down AI software name, huge volume reversal, base forming at the lows, and a long runway of resistance to climb back through. This is the kind of setup that rewards patience.
Not financial advice. Always trade your own plan and manage your risk.
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