{"id":330134,"date":"2024-10-30T06:49:00","date_gmt":"2024-10-29T22:49:00","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=330134"},"modified":"2024-10-30T08:51:54","modified_gmt":"2024-10-30T00:51:54","slug":"technicals-talk-globe-telecom-inc-glo-30-oct-2024-by-regina-capital-development-corp","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/technicals-talk-globe-telecom-inc-glo-30-oct-2024-by-regina-capital-development-corp\/","title":{"rendered":"Technicals Talk: Globe Telecom, Inc. (GLO) – 30 Oct 2024 by Regina Capital Development Corp."},"content":{"rendered":"
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\"\"<\/figure><\/div>\n\n\n
<\/div>\n\n\n\n

Summary of Technical Analysis<\/h2>\n\n\n\n
Stock Code<\/strong><\/td>GLO<\/td><\/tr>
Company Name<\/strong><\/td>Globe Telecom, Inc.<\/td><\/tr>
Broker<\/strong><\/td>Regina Capital Development Corp.<\/td><\/tr>
Opinion Issued on<\/strong><\/td>30 Oct 2024<\/td><\/tr>
Price Support<\/strong><\/td>PHP 2,062<\/td><\/tr>
Price Resistance<\/strong><\/td>PHP 2,310<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

GLO is at a huge sell-off, closing at 2100.00, down by -7.33% intraday, and -7.65% in the weekly timeframe, marking its second week of more than -6.00% decline. <\/p>\n\n\n\n

Bears continue to dominate the market with intraday RSI at 27.09, already at oversold levels. The MACD still shows strong selling pressure, indicated by red tall histograms, further backed by the ADX with a notable gap, reflecting bearish sentiment with a momentum reading of 28.23. <\/p>\n\n\n\n

Given these indicators, investors my opt to sell on rallies.<\/p>\n\n\n\n

<\/div>\n\n\n\n

Our Partner Broker’s Recommendation<\/h2>\n\n\n\n

Sell on rallies.<\/p>\n\n\n\n

Weekly target: 2,250.<\/p>\n\n\n\n

Support: 2,062.<\/p>\n\n\n\n

Resistance: 2,310.<\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

GLO is at a huge sell-off, closing at 2100.00, down by -7.33% intraday, and -7.65% in the weekly timeframe, marking its second week of more than -6.00% decline. <\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-330134","post","type-post","status-publish","format-standard","hentry","category-technicals-talk","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=330134"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330134\/revisions"}],"predecessor-version":[{"id":330138,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330134\/revisions\/330138"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=330134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=330134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=330134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}