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6401-6420 of 6571
Tomorrow die die must test 2.70 because i am bored with these few days price action already. :p
looks like GLP rejected at the resistance with hanging man today.
MACD is also weakening.
marubozu1688 ( Date: 01-Apr-2015 21:55) Posted:
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Two bearish candles at channel resistance. Watch out for reversal!
http://mystocksinvesting.com/singapore-stocks/global-logistic-properties-glp/global-logistic-properties-glp-trading-in-a-channel/
hope 2.65 can tahan. If tmr hit 2.68/9 and stays 2.67 or above, good chance for testing 2.72 top uptrend channel.
Steady ... ~
Convincing 2.65 break will be good. Top channel is 2.71, bottom channel is 2.51. Ride the UPWARD channel~
Donovan Norfolk Ang... is this joke?
Brazil is not stable now due to ongoing protests against president & pending election? This may somehow depress GLP prices.. likely to go below $ 2.00 soon? Be careful..
How true is it?
Attached above is the daily chart of Global Logistics Properties (GLP).
Global Logistics Properties has just achieved a BEAR MARKET CONFIRMATION in the 3rd orange circle point where it could not rally on the backdrop of a maximum FFA of +10.000 recently.
This stock is a must-get-out.
Technical Price Structure is bearish.
Distribution from 2012 to end of 2014 has been completed.
The distribution was done using the double blue trendlines as support. The majority of public had been on the buy side while the smart monies are on the sell side based on technicals above.
Note the RED BOXED REGION:
The red boxed region is also where my warnings of transition to bear market came.
This stock is a must-get-out.
Technical Price Structure is bearish.
Distribution from 2012 to end of 2014 has been completed.
The distribution was done using the double blue trendlines as support. The majority of public had been on the buy side while the smart monies are on the sell side based on technicals above.
Note the RED BOXED REGION:
The red boxed region is also where my warnings of transition to bear market came.
Additional Note on Fundamental Analysis of Global Logistics Properties:
CIMB called for " ADD" with target at 3.30, based on sum-of-its-parts valuation. EPS at 6 cts SGD and 100% payout via dividend. Fundamentally, Global Logistics Properties PE is at 41 times which is very high, and dropping back by half should be a reasonable movement. Assuming Earnings remaining the same, then Price has to drop by half in the P/E ratio to yield a norm of 20.5. If Earnings in the P/E formula drops due to deteriorating property market, then Price has to drop more than -50% in order for the P/E ratio to pull back to the norm.
So a conservative target price will be $1.30,
an all time new low for Global Logistics Properties is awaiting.
Those who are holding or buying on dips before the target even nears will look very silly.
Donovan Norfolk Ang Technical Rating:
Bearish
(Short/Sell/Unload on any market gracious rebound)
There is a uptrend channel now if someone can draw it. Currently price has just bounced off the lower channel. It' s CHANNEL PLAY time~.
GLP is consolidating well in range 2.51-2.56. If it continues hold well next week, we should expect another upside momentum towards 2.66.
victorcy2004 ( Date: 03-Mar-2015 15:51) Posted:
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GLP is near strong resistance of 2.67. Consolidation may start soon. expect to retreat to 2.51-2.56 before building up new momentum to break 2.67.
victorcy2004 ( Date: 11-Feb-2015 10:43) Posted:
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GLP chart is neutral. Prices broke out of previous downward trend channel on 22 Jan but subsequent weaknesses, indicated by ( i) failure to break previous high ($2.64 on 26 Nov), (ii) failure to clear resistance at 38.2% Fibonacci resistance level and the subsequent impulsive downward movement, as well as (iii) tapering positive momentum on MACD chart, all suggest the positivity may be short-lived. We expect large range-bound trading between $2.39 and $2.61 while awaiting further signals.
Indeed, GLP has reversed the trend. However weekly chart shows it is still long way to reach 2.9-3 range. It may firstly go up to 2.6-2.7 and then consolidate, possibly retreat to 2.5-2.6 again, narrow down the upper and lower band and then chiong for 2.9-3 or even higher. Definitely there are many trading opportunities in coming 6 to 12 months.
CKs or whoever has pushed it down to BUY.......now it is returning. Always 2.45 low.....will it test 2.80/90 next 6 mths.?
Good potential in CHINA and cash on hand ....:))
Qanghoo ( Date: 05-Feb-2015 10:42) Posted:
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I' m not vested at present. Just hoping that the cks dump more and force the px by another, say 10-10%. Will jeep if px go down to < 2.30. Looks a good bet for the long term. The PRC mkt is so vast n holds quite a lot of potential. Even in this low period growth there, 7%+ is the envy of many other countries in the world.
FATABA ( Date: 05-Feb-2015 10:27) Posted:
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Agreed with u ...results show great potential and rental in China. Good cash on hand
It is push down in the last 2 days....again play down .
Qanghoo ( Date: 05-Feb-2015 10:24) Posted:
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Result already out. They usually report b4 mkt opens. Profit down 36% due to deferred rental revenue in Airport City Development, the sale of 11 properties in Japan to GLP J-Reit, and a weaker Japanese yen against the US dollar. Actually, looks like co is doing OK, but depends who wants to pump n who wants to dump. A few days ago, pumped up nearly 10% now reverse by abt same %.
Heero78 ( Date: 05-Feb-2015 09:47) Posted:
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today' s report should be very bad one
2.67 is key resistance, dont think it can break now. It may range bound between 2.54 and 2.66 for some time.