Thursday, January 12, 2017

Global Logistic: More upside above 2.60 now? price 2.61

From yesterday’s note, we have indeed seen Global Logistic approach and even cross the 2.60 resistance today.

We can still expect more strength above from here, raise sl for those who are holding.

Had A BULLISH ENTRY SIGNAL on the system few days back, and there are NO EXITS yet.

PTI grads can check.

Short term uptrend intact above 2.60 now imo, with momentum indicator still looking good especially above 2.60.

Target can be to 2.80 first. J

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Recent Email:

Sent: Wednesday, January 11, 2017 10:05 AM
Subject: ********** Global Logistic: May attempt a move above 2.60 soon, price 2.54
After seeing the huge move above 2.40 last week, we have seen GLP broke above the 2.50 resistance yesterday too. Looks set to test the 2.60 resistance level where we are currently seeing some selling pressure. Raise sl for those still holding or can also consider taking some profit near 2.60. With 2.50 holding, we can still expect more strength in the short term with moving averages looking favorable too.

For illustration purpose only

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