|Share Price when posted||Short Term View||Long Term View||Current Share Price|
It have been a while since I have last posted about GLP and now it is time for a quick review on the same.
As mentioned in my earlier post, GLP is a fundamentally sound company and the good performance have been translated in the recent 2 quarters of GLP’s financial results.
I believe that GLP is well positioned to capture the growing demand of modern logistic especially when the world is moving more towards E-Commerce and technology is easily available everywhere.
With the good set of Financials, lets take a look at the Technical charts
- A good support zone have been created in GLP’s chart. Each time the price reaches the zone, we can see that buyers have into the picture to support the prices
- GLP have broken out the crucial area of around $2. This price is crucial as it is the critical resistance turned support (or vice versa).
Trading and Investing is all about:
- Being systematic & having discipline (i.e. not letting emotions to affect your judgement)
- Being able to differentiate market noise vs real news
- Able to remain cool and stay firm in what you believe