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GLOB
Benzinga
21 days

Why Globant Stock Faces More Downside And Remains A Risky Bet

1. GLOB in Phase 16 of 18-phase Adhishthana cycle suggests weakness. 2. Stock has fallen 72% from peak of $238 to $66. 3. No bullish signs in triads indicate low chances for recovery. 4. Potential retest of Phase 2 low near $46 expected. 5. Investors advised to be cautious; avoid new positions.

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FAQ

Why Very Bearish?

GLOB's significant decline and weak technical signals likely indicate futher downtrend. Historical examples show extended bearish periods often follow such patterns.

How important is it?

The article provides critical insights into GLOB's technical analysis and projected price movements.

Why Long Term?

The current technical indicators suggest prolonged weakness could persist over many months, similar to past patterns in downtrends.

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