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Friday, 30 May 2014

Far East Hospitality Trust: 30 May 2014, Friday, 10.42pm Singapore Time

Far East Hospitality Trust: 30 May 2014, Friday, 10.42pm Singapore Time
Chart courtesy of Chartnexus.com

+ Far East Hospitality Trust Analysis is simple and neat.
+ As long as both $0.92 and $1.00 resistances are not breached, Far East Hospitality Trust is on a confirmed long term downtrend, and has to be regarded as bearish.
+ Sell on Rebounds

Sell off target:
New 3-year LOWS breaking down below $0.74

Donovan Norfolk Technical Rating:
Long Term Downtrend
Bearish-biased: Sell



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