STI-30 Watchlist – New Updates on 6 May 2012

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How many times have you wished that you knew when to start loading up (or shorting) stocks listed in the SGX? We have treat for all investors and traders who are looking to learn about using technical indicators (EMA, ADX, MACD) to time your entries (and exits).

We have prepared a special section called the STI-30 Watchlist, which is a table of 30 stocks listed in the Singapore Straits Times Index (STI). The list is updated weekly to give you signals that can help you in planning your trades. The page also provides links to weekly and daily candle charts, as well as delayed quotes from the STI-30 stocks.

What are you waiting for?

Click on this link to jump to the page, or click on “STI-30 Wathclist” on the menu bar from the home page

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Global Logistic Properties (GLP): Very Sexy Head and Shoulders!

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Global Logistic Prop (GLP) is showing a very sexy head and shoulders, or multiple Tops or whatever you want to make it. Bottom line is GLP is finding difficulty to break the $2.22 resistance to move higher. Why am I saying this chart pattern sexy and potentially make shorties drool? Basically GLP is showing very clean pattern and the support / resistance levels are very clear. GPL has clear cut head, nice shoulders, refined neckline and bounced up or down nicely from the Fibonacci Retracement Levels most of the time. GLP has broken the neckline and currently coming back to test the neckline and 20D SMA. If GLP fails to overcome the neckline and bearish signal appears (2/5 EMA cross down on weekly and daily chart), the minimum price target of this Head and Shoulders Breakout is $1.94. Will this chart pattern repeats itself? We will see.

Global Logistic Properties Limited will release its full year financial results for the year ended 31 March 2012, on Thursday, 24 May 2012, after the close of trading.

  • Price: $2.08
  • Current PE: 10.73
  • Rolling PE: 18.36
  • Beta (75 days): 1.45

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