Globus Spirits Reversing at Support

Globus Spirits (GLOBUSSPR) has taken support at the 200DMA which is also a price support. The stock seems to be reversing at this zone. Low risk longs can be initiated for Fibonacci targets of 343/373/425.

Trade closed: target reached:

The stock did 100 points from 320 to 425 with style and in all but three weeks time! We will re-evaluate the position and depending on the price action in coming days, will update the call further if and when we see action in the price.