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Thursday, 19 June 2014

AmBank: 19 June 2014, Thursday, 4.44pm Singapore Time

AmBank: 19 June 2014, Thursday, 4.44pm Singapore Time
Chart courtesy of Chartnexus.com

Technical Analysis of AmBank listed in KLSE is as per illustrated in Daily Chart above.

+ Failure to rally on +10.000 maximum FFA: Bearish with Big Hands unloading profusely.
+ Green volume bar is unloading volume (by Smart Monies) and facilitated by positive sentiments and rosy outlook.
+ The market execution of bear market confirmations are as per warned during end-2013 and 1H-2014, and this is as shown by the RED BOX in chart above.

Donovan Norfolk Technical Rating:
Bearish
Bear Market Transition
(Sell on Rebounds)



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