Going GlobalGlobant SABATS:GLOBThe_Trading_MechanicGlobant has been absolutely demolished — down roughly 85% from its 2024 highs — and is now trading at $30.03, carving out a base just above its lows. This is exactly where a stock proves itself or folds. But the business behind this ticker is not broken. Globant is a global digital-transformation and AI software-engineering powerhouse, building products and AI solutions for major enterprises across the world. The selloff has been brutal and indiscriminate, but today the chart spoke loudly: +8.29% on roughly 9 million shares — a massive volume surge that signals buyers are stepping in with conviction at these levels. Volume like that off a beaten-down base is the footprint of accumulation, not noise. The Bounce Thesis GLOB is putting in a rounding bottom at long-term support, and today's high-volume reversal is the kind of capitulation-reclaim that often marks the turn. The stock has swept its lows and is now trying to base and push higher. The RSI has been hammered into oversold territory, leaving plenty of room to recover. And look how far above price the moving averages sit: the 150-day MA at $51.45 and the 200-day MA at $53.36 — both a long way overhead, showing just how stretched to the downside this name became, and how much room there is to run. How a stock reacts at these multi-year lows tells you everything about whether buyers are stepping in or stepping away. Today, they stepped in hard. There may be one final test of the lows before the real move begins — but that's exactly where the stop is defined. The Push Through Resistance A decisive close above $32.50 confirms renewed bullish momentum and opens the staircase higher. From there, the path ladders through $42.00 and $44.64, then up to the moving-average cluster at $51.45–$53.36, with the full recovery target at the weekly resistance, $54.36. Key Levels Support / Entry Zone: $28.43 – $30.03 Breakout Trigger: $32.50 (1D) Waypoints: $42.00 → $44.64 → $51.45 (150MA) → $53.36 (200MA) Price Target: $54.36 (1W resistance) Stop Loss: $23.75 Risk/Reward: 3.87:1 Stop clearly defined at $23.75 — risk/reward of 3.87:1. One of the best setups on the board right now.