Global Logistic Properties (MC0) – Update #1

Share Price when postedShort Term ViewLong Term ViewCurrent Share Price
1.915TA Bullish
FA Bullish
TA Bullish
FA Bullish
SGX:MC0: (%)

 

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.

https://investwhizz.files.wordpress.com/2016/11/glp-financial-highlights.jpg

With the good set of Financials, lets take a look at the Technical charts

https://investwhizz.files.wordpress.com/2016/11/glp-update-1.jpg

 

What happened:

  1. 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
  2. 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:

  1. Being systematic & having discipline (i.e. not letting emotions to affect your judgement)
  2. Being able to differentiate market noise vs real news
  3. Able to remain cool and stay firm in what you believe