Globant posted a positive earnings report. On the 4-hour chart, a double bottom can be observed. Considering the recent decline in the stock, applying a Fibonacci retracement followed by an extension shows the lowest extension level at 1.618, which acted as support. Today, the price broke to the upside. It will be important to analyze with caution whether it starts gaining volume to return to previous levels, while adjusting the stop-loss as a precaution.
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