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Sunday, 1 June 2014

Biosensors: 1 June 2014, Sunday, 8.30am Singapore Time

Biosensors: 1 June 2014, Sunday, 8.30am Singapore Time
Chart courtesy of Chartnexus.com

Attached above is a follow-up analysis on Biosensors.
(Current Price: 95 cents)

All past analyses on Biosensors here:

 This is to illustrate my point that majority first liner stocks and second liner stocks are all showing signs of distress, with only these group of stocks going up:
1. Mainly the 3rd liner cheapskate penny stocks rallying
3. The 5% stocks (minority) rallying on change in fundamentals

95% stocks across the board are sell-on-rebounds as the high tide recedes.

Refer to my past analyses:
Biosensors first two targets are to:
1. break down 93 cents (1st target). With Volume.
2. break down 82 cents (2nd target). With Volume.
3. Hit 44.5 cents, or way worse, eventually at the end of the long term selling wave.

Worldwide Financial Markets are transiting to Bear Market as per forewarned previously.

Donovan Norfolk Ang Technical Rating:
Bearish
Short/Sell off



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