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Thursday, 19 June 2014

Axiata: 19 June 2014, Thursday, 6.35pm Singapore Time

Axiata: 19 June 2014, Thursday, 6.35pm Singapore Time
Chart courtesy of Chartnexus.com

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

<< WARNING/ANOMALY: Failure To Rally on MAXIMUM +10.000 FFA >>
+ Maximum +10.000 FFA in the big wind/broad market is completing and U-turning, and this had been the best performance that this stock can offer (to be trapped within a +10.000 FFA: toppish with strong signs of bearish distribution).
+ Resumption in sell-off will now proceed to do further damage.
+ Financial markets are transiting to bear markets per warned beforehand in Daily Funds Flow Analyses during end-2013 and 1H-2014.

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



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