SembCorp Marine: 9 February 2014, Sunday, 1.11pm Singapore Time
Chart courtesy of Chartnexus.com
Chart courtesy of Chartnexus.com
SembCorp Marine Technical Analysis as above:
1a. Huge Bearish Fan of Further Distribution as above
1b. Huge Descending Triangle as above
2. Broke down $4.39, $4.21 and $4.10 respectively.
3. The $4.39, $4.21 and $4.10 is critical band of support.
4. The $4.39, $4.21 and $4.10 critical band of support is now high selling-pressured resistance now
5. Sell-down target is to break down previous Euro-zone crisis low of $3.05 and go for $2.75.
6. Expect first real wave of Margin Calls to further depress the financial markets.
Donovan Norfolk Ang Rating:
Highly Bearish for the long term.
Unload/Sell/Short on every Rebound
(Hint for Worldwide Markets: Bearish)
If you're not getting out for safety, are you prepared
for the high downside with substantial loss for those with buys/longs/investment portfolio?
for the high downside with substantial loss for those with buys/longs/investment portfolio?
(Expect to see first real wave of Margin Calls worldwide that had not been seen since 2008 financial crisis)
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