Global Properties Logistics Technical Analysis

GLP, Support level of 2.69 already broken.. This will drift further down with the next Support Level will be 2.52 after a good run up previously. Minus DI post to overcome Plus DI soon and this will also be another signal that breakdown will be coming soon for this stock. So, what it means is if tomorrow it can't pull back to close 2.69 or over 2.69, more downside for this stock will happen sooner or later if this condition met. Let's see. Star-Trader ADVERTISEMENT: How to invest in US Penny Stocks? Click Here!

What are the tools that I used in trading effectively?

Well, usually trading a stock is like having a proper plan to execute it so that we will minimize loss and ride on profit.. It is easy to say that done but these are very important in order to have success trades.

Well, below are the items that  I used in my trading and the very first is definitely the most important out of others as you should over come this first before you can do trading!

1) Emotions. Always stick to plan that you are executing and not being too emotion when things don't turn your way!

2) Fibonacci Retracement. Important levels to gauge support/resistance level as when it is bouncing back from the support or hitting resistance soon.

3) Trendlines. Trendlines another way to gauge support/resistance.

4) Trend Following. "Trend is your friend". I believe everyone has heard this many times, but it is really art to do this which to look for pullbacks within trend.

5) EMA 10days and 50days. This is another good gauge to pre-empt the movement of the stocks.

6) ADX. Another important tools to go with EMA 10days/50days to gauge the strength of movement of a stock.

7) Volume. How big/small volume together with japanese candlesticks can observe the way the stock will go.

8) Last, but not least.. Japanese Candlesticks.. With all the above applied on a chart, we will look out for this last one to complete how you want to trade a stock be it uptrend or downtrend.

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HK Land, the next resistance is 6.71

Well, HK Land closed with more than 1% uptrend yesterday but it won't last long if it hits 6.71 and didn't move up further from there.. Though plus DI is still more than minus DI that prompts the stock to be on the positive zone.

We will see how it performs today.

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