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Wednesday, 11 June 2014

Kencana Agri: 11 June 2014, Wednesday, 2.40pm Singapore Time

Kencana Agri: 11 June 2014, Wednesday, 2.40pm Singapore Time
Chart courtesy of Chartnexus.com

Attached above is the chart of Kencana Agri, a palm oil commodity stock.

+ Deliberate and determined efforts to drive down this stock by the market.
+ Long Term Down Channel as shown.
+ Major Downtrend is still on-going.
+ No light to the end of the tunnel yet until target hits.
+ More than -50% downside to go for this Kencana Agri Bear Market to end.

+ Target:
To be reduced to a below 10 cent super penny stock status


Donovan Norfolk Technical Rating:
Bearish
(Sell on Rebounds)


Donovan Norfolk Ang

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