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)

Donovan Norfolk Ang

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