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Wednesday, 11 June 2014

Halcyon Agri: 11 June 2014, Wednesday, 1.37pm Singapore Time

Halcyon Agri: 11 June 2014, Wednesday, 1.37pm Singapore Time
Chart courtesy of Chartnexus.com

Attached above is the chart of Halcyon Agri, an integrated producer and merchandiser of Technically Specified Rubber (TSR).

+ Using of entire March-June 2014 to perform bearish consolidation to trap prices.
+ Support turning into resistances
+ No intention for price up; prices starting to be resisted and to consolidate for melt-down.

+ Target:
41.5 cents, representing -61.6% fall from peak and -47.8% fall from current prices.


<< WARNING: Failure To Rebound 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 a support that is turning into resistance).
+ Resumption in sell-off will now proceed to do further damage.
+ Financial markets are transiting to bear markets as per warned beforehand in Daily Funds Flow Analyses.
Corrective wave is ending for resumption of the Major Down Wave.

Donovan Norfolk Technical Rating:
End of Consolidation with many retailers trapped
Bearish
(Sell on Rebounds)


Donovan Norfolk Ang

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