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Saturday, 14 June 2014

Hong Kong Property and Construction Index: 14 June 2014, Saturday, 12.26am Singapore Time

Hong Kong Property and Construction Index: 14 June 2014, Saturday, 12.26am Singapore Time
Chart courtesy of Chartnexus.com

Technical Analysis of Hong Kong Property and Construction Index is as per illustrated in Weekly Chart above.

+ Escape wave completed in start of 2013.
+ Entire 2013 was used to unload everything slowly.
+ The slow unload is a distribution process to the public.
+ Rosy outlook is the bait.
+ Bear Market Transition in progress as per reiterated in end-2013 and early-2014.

Donovan Norfolk Technical Rating:
Hang Seng Index Bearish
Hong Kong property markets bearish
Hong Kong and Asian Financial Markets in distribution mode and bearish
Long Term Bear Market Transition 
(Sell on Rebounds)



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