Ticker 1

Ticker 2

Click "Like" to Receive First Hand Updates From The Analysis Site / Click "SHARE" to share

Monday, 2 June 2014

CDL Hospitality Trust: 2 June 2014, Monday, 12.17am Singapore Time

CDL Hospitality Trust: 2 June 2014, Monday, 12.17am Singapore Time
Chart courtesy of Chartnexus.com

+ End of Bull Market in CDL HTrust had a high volume break-down in October-November 2012, a time when I had warned of Property transiting to Bear Market with my live analyses in October 2012.

+ This followed with an escape wave to form a strong double top (Bearish).

+ End of Bull Market in CDL HTrust received another high volume break-down in May 2013 to signal a double confirmation to the end of Bull Market for  CDL HTrust.

+ Intentions made known by market: Short on rebounds and never be buying counter-trend for rebounds as the reward-risk ratio is bad (major wave down, corrective wave up).


CDL Hospitality Trust: 2 June 2014, Monday, 12.17am Singapore Time
Chart courtesy of Chartnexus.com

+ CDL Hospitality Trust (CDL HTrust) displayed large major main-trend impulsive wave in RED. 

+ Counter-trend slow corrective wave is in GREEN. 

+ The correction up has ended with a price satisfaction zone at $1.84, and major selling wave is taking over. 

+ May 2014 price actions form strong BEAR FLAG. Amateurs meanwhile will be buying into this bear flag which is essentially a trap for amateurs. Markets have been waiting to kill amateur buyers. 

+ Bear Flag is ending its consolidation and resuming its main wave major trend as indicated by the RED ARROW. 

+ More supports will get broken down as shown by the RED ARROW.

+ Multi-year lows will be created with this down-slam. 

+ $1.47 will be broken down convincingly

+ REITS investors and property stocks investors will suffer yet more losses, a warning reiterated since October 2012.

Donovan Norfolk Ang Technical Rating:
Bearish
Short/Sell off
(Bearish in all Property Sector Stocks As Per Reiterated)





Click "Share" on the Facebook icon at the bottom of this thread if you like it, or 
if you would like to start a discussion about it with friends on your Facebook Wall.

No comments:

Post a comment