Wednesday, January 20, 2016

Global Logistic: A NEW LOW Seen on a SELLDOWN again.... 1.90 support did not hold as mentioned !

Price 1.82 now….. more weakness again below 1.80?

Sent: Thursday, January 14, 2016 9:39 AM
Subject: ************** Global Logistic: Some selling seen below temp 1.94 support.... can be weak on a close below... price 1.94
Global Logistic has been supported above the 1.94 level since September last year and today we have seen some throw down below the key support on above average volume. A close below can start to trigger some weakness with longer term trend still weak below 2.00 psychological resistance now. MACD has turned negative on today’s price action. If the 1.90 does not hold either, more selling can continue towards 1.84 then 1.80. Cautious long below 1.94

No comments:

Post a Comment