Sunday, August 28, 2011

Cache Logistics Trust: Gap closed at 96c.

The unit price of Cache Logistics Trust closed the gap at 96c in the last session.  A white candle with an extremely long upper wick was formed, suggesting strong selling pressure at 96c. 96c is also where we find the flatlined 50dMA which should also act as resistance.



I decided last Friday to put in a sell order over the weekend at 96c for a partial divestment in case gap resistance should