Ticker 1

DNA Trade Journal

Ticker 2

Click "Like" to Receive First Hand Updates From The Analysis Site / Click "SHARE" to share

Wednesday, 12 November 2014

Global Logistics Properties (GLP): 12 November 2014, Wednesday, 12.05pm Singapore Time

Global Logistics Properties (GLP): 12 November 2014, Wednesday, 12.05pm Singapore Time

Attached above is the daily chart of Global Logistics Properties (GLP).

The technical analysis illustrated above is self-explanatory. 
The price actions at $2.90 area were a strong enough RED FLAG (refer chart).
$2.61 has broken down with strong intentions.

Refer also to the chart above on the deep marubozu candle towards the RED line as a red flag and the chopped head as double confirmation for bearishness.

In the intradays, $2.62 will be the resistance used by funds to suppress GLP to launch a new mid-term and new long-term sustained downtrend. The sell offs are far from over.

Donovan Norfolk Ang Technical Rating:
Bearish
(Short/Sell/Unload)



Click "Share" on the Facebook icon at the bottom of this thread if you like it, or 
if you would like to start a discussion about it with friends on your Facebook Wall.

No comments:

Post a Comment