GLBS Should I Buy

Not a good buy right now for a beginner, long-term investor with $50k–$100k. GLBS is in a short-term downtrend (sharp -6.74% drop), momentum is still deteriorating (MACD histogram negative and expanding), and the latest quarter shows weaker profitability despite revenue growth. With no proprietary buy signals, no supportive news catalysts, and very thin options activity, this looks more like a speculative micro-cap trade than a stable long-term entry. If you want to deploy capital now and don’t want to wait for a cleaner setup, avoid/exit GLBS rather than buy.

Price action is bearish: the stock closed at 1.60 after a -6.74% regular-session drop (prev close 1.705). Momentum is weakening with a MACD histogram at -0.0143 and negatively expanding (bearish continuation signal). RSI(6) is ~26.26, which is oversold/washed-out, so a short bounce is possible, but oversold alone isn’t a reliable long-term entry signal when MACD is still worsening and moving averages are converging (no clear reversal yet). Key levels: Pivot 1.674 (price is below—bearish), near-term supports S1 1.613 and S2 1.575 (price is sitting just below/around S1, so a break could drag it toward S2). Resistance levels: 1.735 then 1.773. Intellectia Proprietary Trading Signals **Intellectia Proprietary Trading Signals** - [AI Stock Picker](module://ai_stock_pick): No signal on given stock today. - [SwingMax](module://swingmax): No signal on given stock recently.