Thursday, January 28, 2016

Global Logistic: WOW ! Support at 1.70 stands no chance too.... price 1.64

Heading towards 1.50? NEW MULTIYEAR LOWS…… When is a good time to start accumulating, let’s see….

Sent: Wednesday, January 20, 2016 4:29 PM
Subject: ************* Global Logistic: Selling seen towards 1.80 next support... cautious still
From previous SELL CALL, we have seen the 1.90 breakdown indeed and today has headed to a low of 1.815 as of now which is near our target at 1.80. Those who has CFD SELL positions, would be good to cover back some shorts in profit given sell down back down today again. Lower buy stop loss to protect profit. With 1.90 as the resistance now, we are still negative with more selling likely below 1.80 support too with target at 1.70, so cautious long position. Macd in negative zone and pulling away further with more downside momentum likely below 1.85 too

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