$GLBE - JUST REPORTED EARNINGS -
Added 2024-11-20 12:25:22 +0000 UTCAs was mentioned in the chat group, there are no changes to the targets here and we are seeing this on a lot of charts at the moment....price action is moving very tight into the wedge apex leading up to important dates and then breaking out very aggressively
Price is already up +20% now after breaking out of the wedge at $47.40
We can see that the price was holding very well above the blue support line and 50 and 200 Day MA to this point, so the bulls were in control, they just needed the earnings out of the way.
I suspect the price will continue moving up to the First Target at $50....if you are lucky to get a retest of the wedge breakout and there is a hold at $40, then you have a buy signal.
They reported:
Q3'24 #Earnings: #Revenue: $176M (Est. $169M) 
; UP +32% YoY Adj
EBITDA: $31M (Est. $30M) ; UP +40.7% YoY Gross
Margin: 47% (Est. 45%)
GMV: $1.13B (Est. $1.05B) ; UP +35% YoY
