Global Logistic - 1st Feb 2016
Global Logistic seem to be on a downtrend mode after hitting the high of $2.16 on 30 Dec 2015 and closed lower at $1.625 on 1st Feb 2016. This is rather bearish.
The current price is staying below both 14SMA & 25SMA lines which is generally quite negative.
Also both MACD & RSi are pointing downwards which may provide further indication that the share price may continue to trend lower towards $1.585 with extension to $1.495.
(trade base on your own decision)
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