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Monday, 16 June 2014

Malaysia Airline System Bhd: 16 June 2014, Monday, 4.38am Singapore Time

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)



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