Sunday, April 8, 2018

Globe Telecom Inc., (GLO) Descending Broadening Wedge - April 8, 2018

Globe Telecom Inc., (GLO) maybe forming a Descending Broadening Wedge. The descending broadening wedge is considered to be a reversal pattern, and is bullish in nature. Though the pattern is typically a signal of reversal, continuation of the downtrend is still possible. Resistance levels are at 1700 and 1800. Support levels are at 1600 and 1500.


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