Sunday, July 24, 2011

MapleTree Industrial Trust - The Charts Speaks For It's Results


MapleTree 1st Quarter results will be out on the 26th July this month, and the question is, will the results be good or bad? I was studying the charts and it revealed to me that the results should be all good. The recent slide in the share price is a maneuver to scare the public to liquidate their positions and more accumulation by the big interest. I believe that is the case because I saw some significant purchases made during this down slide. Will the stock continue lower from here on? I don't think so because it is now in a very strong technical position for a potential upside. Let's watch!

Ronald K