GLB 0.00% $2.90 globe international limited

Hi seeside,firstly let me say this is not a stock I would buy in...

  1. 10,605 Posts.
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    Hi seeside,

    firstly let me say this is not a stock I would buy in a fit as it has broken all supports and is in completely uncharted territory.

    If you are going to buy, then know that Momentum has only just (barely) turned, but the Demand index and Accumulation/Distribution index have turned up.

    For me to buy this stock (which I wouldn't because it hasn't met any of my trading rules) I would now want to see it do a run up with momentum then fall back and honour a new fib support without breaking it to the downside again.

    That all lies ahead.

    The alternative is to just take a punt now and cross your fingers. You may do very well, or maybe not. I have found that more often then not is a very effective way of getting rid of capital whe the next shock hits...

    I hope tghis helps seeside and is only my opinion of course. Bottom line is it meets none of my trading rules.

    Cheers,
 
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