GLO (Globe Telecom, Inc.)

[harley]

I remember someone posted a cup and handle before. And remember Bonner seeing a h&s din if we zoom on the longer time frame.
For now,I'll consider the C&H first.. think the handle is broken. The 130-dma has also been broken .. good to go long.

GLO C&H breakout. 130dma breakout.

GLO100215.png (42.12 KiB) Viewed 1150 times

b: 1000-market
t: 1270 (150% fib ext.)
s: break of 65-dma

bonus:
CASH- P40 PER SHARE
EX-DATE- FEBRUARY 16, 2010 (have to buy on/before Feb 15)
RECORD DATE- FEBRUARY 19, 2010
PAYMENT DATE- MARCH 15, 2010

Let me know your thoughts. Thanks for reading

[yeahbah]

I think my chart from March 2009 sitll applies.

http://www.absolutetraders.com/newslett ... -telecoms/

Target: 1300

[betheone]

I agree it's a long term buy unless the H&S that seems to be forming completes. If I got it right, the neckline is at 700? But if the C&H prevails, it will definitely trend up.

I understand the spike in the price to 1000 is due to the cash div right? If so, will prices drop after the ex date and that would be the better time to buy?

[drpama]

I believe holders will be selling tomorrow after the ex-date. We'll see.

[Flora]

Foreigners started accumulating even before ex-date at hindi masyadong heavy selling . Moreover, in todays foreign buying, GLO is the highest. Looks like it will be a C with H and not a H & S. GO GO GLO

[harley]

might be a good time to add to long positions.

[tarantrader]

Just reviewed the chart yesterday and saw something bearish here:

The uptrend it was doing was more of a continuous head & shoulders that broke at around 985 and is now pointing down to 685, 10 pesos below the longer term H&S neckline that we saw before.

[ronacoba]

Globe Telecom (GLO) In Trouble?

Now, Ayala Corporation (AC) – led Global Telecom, Inc. or GLO in the Philippine Stock Exchange looks to be on the verge of a price meltdown until the company does something that would induce investors to get back in...

http://www.laidtrades.com/2011/02/17/globe-telecom-glo-in-trouble/

[ronacoba]

Red Alert On Globe Telecom, Inc. (GLO)

Don’t say that I did not warn you: Ayala Corporation – led Globe Telecoms, Inc. or GLO in the Philippine Stock Exchange looks to be headed for a steep fall. Let me show you why...

http://www.laidtrades.com/2011/03/06/re ... s-inc-glo/

[josieqyu]

What is your recommendation then? Sell Glo now before it falls farther?