Wednesday, February 3, 2016

Global Logistic: A few sell calls made since last week...... not good.... 1.60 hit today....

Next to 1.50? Hopefully the 1.60 holds for a while, if not……. Let’s ride more…… J

Sent: Monday, February 01, 2016 10:47 AM
Subject: ************ Global Logistic: Potential move towards 1.60 if the 1.64 fails to hold again... price 1.65
We are still seeing some selling in Global logistic as it crossed above the 1.70 resistance briefly last week but unable to stay above. As long as it trades below 1.70, we can still see more weakness towards the 1.60 then 1.50 as mentioned. Would increase CFD SELL positions on a further breakdown below the 1.60 now with strong volume seen on the move down.

Sent: Thursday, January 28, 2016 11:41 AM
Subject: ************* Global Logistic: Sell down seen to new low with some support at 1.64... price 1.65
Following up from previous breakdown call last week, we have indeed seen the breakdown of the 1.80 psychological support and the 1.70 did not hold too yesterday on a quick sell down which was our next target. The consolidation range has been lowered now from 1.64 to 1.70 and it is still negative with the 1.70 as the immediate resistance now with downtrend intact. CFD SELL can be used to ride the downside more on any temp technical rebound near to 1.70. A potential break below 1.64 – 1.65 can see it trade to 1.60 then 1.50 with all moving averages all pointing lower still. We may start to see some stong short covering as we approach the 1.50 level as that was the key support in Oct 2011 before we saw a strong rally. A move below 1.50 would see a new low and more downside likely too so cautious long position.

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