Malaysian Airline System Berhad (MAS): 9 March 2014, Sunday, 10.02pm Singapore Time

Malaysian Airline System Berhad (MAS): 9 March 2014, Sunday, 10.02pm Singapore Time

Chart courtesy of Chartnexus.com

Attached above is the technical analysis of Malaysian Airline System Berhad.

+ Malaysia Airline MH370 air crash during the weekend of 8 March 2014.

+ Malaysia Airline System Berhad (MAS) will gap down and plunge severely tomorrow and over the course of the coming week from 10 March 2014 to 14 March 2014.

+ Estimated plunge target is a -28% sell-down with 18cents-20cents as capitulation zone cum price satisfaction zone of its prior downmove.

+ However, it is not a strong sell or short for this company/stock. On the contrary, this is a STRONG BUY for rebound.

+ This strong buy on the company stocks will be against all logic, popular beliefs and market sentiments.

+ Buy when everyone will be selling. 

+ Collect buy/longs during this capitulation zone of 18cents-20cents.

+ Target is 30cents for a HIGH upside of at least +50% profits.

Donovan Norfolk Ang Technical Rating on Malaysia Airline System Berhad (MAS):

+ Strong BUY at 18cents-20cents Capitulation Zone.

+ STRONG BUY ON GAP-DOWN

+ Expect a powerful rebound to 30cents with HIGH UPSIDE of at least +50% profits from 18cents-20cents.

+ Buy against the backdrop of gloom and doom on the company and take profits at +50% profits area (at 30cents) as above.

To reiterate:

+ Use entire March to collect your buys slowly on Malaysian Airline System Bhd (MAS); Malaysia Airlines' MH370 Air Crash will cause the stock to spike up +50% from 18cents to 20cents area. 

+ Buy the counter-trend for Malaysian Airline System Bhd (MAS) as much as possible during this bearishness of the company. The stock will spike up at least +50% in price from late March onwards. Don says things before they happen. It is time for Malaysians to show support for your national carrier.

Donovan Norfolk Ang

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