Global Logistic

Global Logistic - 2nd July 2016

Global Logistic after hitting the low of 1.73 which is quite close to previous low/support level at 1.715 had managed to stage a rebound and move up to touch 1.815 on 30th June 2016. This is generally quite positive.

The current price is hovering about or slightly above the SMA lines which is quite healthy/positive.
Looks like it may move up to test 1.83 soon.

with both Macd & Rsi are showing sign of a positive divergence this may likely provide further indication that the share price may continue to trend higher.

Crossing over of 1.83 with good volume that may propel to drive the share price higher towards 1.90 then 1.93 with extension to 2.00 and above.

With recent spat of company buying back share and the Final dividend of 6 cents may likely support the price ...

(trade base on your own decision)