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Global E-Online (GLBE) – Israeli E-Commerce Platform

Updated: 17 Aug 2021

The stock broke out nicely from a 1st stage, w-shaped base on a promising volume pattern on Friday. The stock is still actionable, but traders might want to purchase a smaller amount now (for example ½ position) and wait for a slight pullback, or for a few days of sideways action so that the breakout is confirmed, for the second half.

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