Global Logistic Properties (GLP) may be forming Right Shoulder after the rebounding from the support with a Bullish Engulfing candlestick pattern. The stock is currently testing the resistance between $2.04 (20D MA) and $2.055 (50% Fibonacci Resistance). If GLP reverses from these two resistance, there is high possibility of forming a Head and Shoulder pattern.
- Post author:Marubozu
- Post published:July 24, 2011
- Post category:Global Logistic Properties (GLP)
- Post comments:0 Comments