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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Starbucks (SBUX): Good Buy?

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Cautious: Don’t be misled by the Post Title!!

Starbucks (SBUX) has been on fantastic bull run for the past 3 years. Is it still a good buy now?

A few notes for myself:

  • Current price ($58.05) is also getting near to all time high of $63.23.
  • PE Ratio = 34.88
  • P/B Ratio = 9.95
  • Daily Chart 2/5 EMA crossed down and testing 20D SMA.
  • Weekly Chart Bearish Harami found at the top (near historical high resistance) and 2/5 EMA looks like going to cross down.
  • 10 years chart show a nice Parabolic Curve since the run up in 2009 (Yummy!!!)

 


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Apple (AAPL): Crashing Time?

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Apple AAPL has been running up like a rocket showing a Parabolic Curve pattern for the past few months. Yesterday AAPL daily chart broke 20D MA and weekly chart showed Three Inside Down bearish reversal candlestick pattern. Is it a crashing time for AAPL and time to take profit and run? If chart pattern always repeats itself, take a look at Dryship (DRYS) which had shown a similar Parabolic Curve previously. You make your own decision.

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