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6481-6500 of 6571
Growths in china & japan don't seem to be good for next couple of quarters. This will affect GLP's revenues and profit margins...
The probability of the share going up is lower as it is constrained by the following factors.
1) it need to go beyond the downtrend slope resistance
2) likewise for 50 days SMA resistance
3) Stochastic on the high side and turning down
GLP will only turn up and have a trend reversal if it can break and close above 2.69 due to the formation of a Higher High, Higher Low.
If drop below 2.60, it will continue its downtrend to test the next trough at 2.48.
Let share our thoughts. :)
victorcy2004 ( Date: 01-Dec-2014 10:31) Posted:
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Difficult to say. As long as the price can be held above 2.6, bounce off is expected. Falling below 2.6 will see further drop to 2.4-2.5. Technical indicators are positive and waiting for MACD to cross 0 in order to accelerate up momentum. This week is likely consolidation week in range 2.6-2.69
JohnMurphy ( Date: 30-Nov-2014 09:45) Posted:
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Based on my interpretation of the chart, GLP will still continue to go down next week.
Kyoto2008 ( Date: 29-Nov-2014 19:31) Posted:
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Downside for Global Logistic is limited, closing price on Friday is hitting the 20MA support and should bounce off.
The flag can take price up to $2.79, see the chart below.
Why I' m so hung up on GLP, it' s coz a guru said never buy internet companies at high valuations, buy the companies that will profit from the internet biz. Peter Lynch said the ones who made money in the gold rush history are not the gold diggers, it' s the pple who supplied the spades.
Kyoto2008 ( Date: 28-Nov-2014 21:20) Posted:
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Flag spotted, TP $2.76 immediate, closed at 2.62 today.
This company has strong fundamentals with China being it' s largest market. As it is in warehousing and logistics business, it is riding on the internet sales boom, with Amazon as it' s client for the China market.
Revenues are growing for past five years and quickened in 2014. They are in full expansion mode having signed up new leases in China.
An excellent mid term investment.
Fund hse buying. Closing match of 1mln shares.
GLP is likely to consolidate in range 2.62-2.69 until MA 20 turns up and then start a new wave.
Short covering GLP is set to test 2.65....
If GLP stays above 2.63 tomorrow, it may consolidate in the range 2.55 and 2.65, and then we can see a new wave.
Oops, breaks 2.60, stage for year-end rally.
GLP likely to test 2.60 coming days
GLP lacks of upwards momentum and it is going to fall soon, target 2.4-2.5
GLP will continue rebounding to 2.6-2.62
http://www.4-traders.com/GLOBAL-LOGISTIC-PROPERTIE-6811851/news/Global-Logistic-Properties-Co-Founder-Passes-Away-19424207/
SHANGHAI--Warehouse developer Global Logistic Properties Ltd. (MC0.SG), the largest provider of warehouse facilities in China, said its co-founder and chairman of the executive committee Jeffrey Schwartz has passed away.
Mr. Schwartz, 55, passed away Nov. 19 and is survived by his wife, four children and his daughter-in-law, according to a statement issued Thursday. A memorial service will be held Sunday in Los Angeles.
Mr. Schwartz had previously worked for U.S.-listed logistics firm ProLogis Inc. (> > Prologis Inc) and was credited with expanding the firm' s entry into Europe and Asia.
Ming Z. Mei, Global Logistic' s co-founder and chief executive, said: " We are all deeply saddened by the death of my mentor, my partner, and most importantly my closest friend. His vision was key in making GLP the company that it is today."
The Singapore-listed firm operates logistics facilities in China, Japan and Brazil, and also manages infrastructure funds in these countries.
perhaps might be range bound until Abe gets re-elected, for the final leg of Abemonics-kaze.
GLP rebounded well, however it faces near term resistance at 2.6. It may consolidate in the range 2.5-2.6 until MA10 turns flat
victorcy2004 ( Date: 18-Nov-2014 15:16) Posted:
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GLP rebounded from intraday low 2.48, as long as closing is above 2.52, more upside is expected in coming days.
victorcy2004 ( Date: 18-Nov-2014 12:01) Posted:
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Buy Call: GLP reached expected bottom range 2.4-2.5. Continue to accumulate at 2.48-2.5 today.
GLP may start consolidating at bottom in near term.