Malaysia Airline System Bhd: 16 June 2014, Monday, 4.38am Singapore Time
Chart courtesy of Chartnexus.com
This is a follow-up of my past analyses' buy calls on Malaysia Airline System Bhd after the MH370 air disaster:
http://donovan-ang.blogspot.sg/search/label/Malaysian%20Airline%20System%20Berhad
(My accumulation of BUYS and entries are 18cents-20cents as per my live analysis previously)
Follow-up Technical Analysis of Malaysia Airline System Berhad (KLSE: MAS) is as per illustrated in Daily Chart above.
As per illustrated in Technical Analysis above, Malaysia Airline System will rebound at least +50% from current point. Price-probing process has ended. Capitulation process has ended for the short-mid term. Big Hands and Smart monies are in based on technicals above. A powerful propulsion upwards to backtest 30 cents or more is in the making. This represents at least +50% profits/upside from current point.
Donovan Norfolk Technical Rating:
Bullish
Extremely Powerful Dead Cat Bounce Rally is coming for
Malaysia Airline System Berhad (KLSE: MAS)
(Take profits when it is time to and do not fall in love for the stock as we are transiting to bear markets worldwide)
Bullish
Extremely Powerful Dead Cat Bounce Rally is coming for
Malaysia Airline System Berhad (KLSE: MAS)
(Take profits when it is time to and do not fall in love for the stock as we are transiting to bear markets worldwide)
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