Malaysia Index ETF (NYSE: EWM): 29 June 2014, Sunday, 2.40pm Singapore Time
Chart courtesy of StockCharts.com
Technical Analysis of Malaysia Index (iShares Malaysia) is as per illustrated in Weekly Chart above.
Very artificial use of 50MA as fake support to help in large scale slow and steady distribution.
Very artificial use of 50MA as fake support to help in large scale slow and steady distribution.
Malaysia Financial Markets may be brewing initial signs of trouble. Be cautious.
MYRUSD: 29 June 2014, Sunday, 2.40pm Singapore Time
Chart courtesy of XE.com
Technical Analysis of MYRUSD is as per illustrated in Foreign Exchange Chart above.
Malaysia Financial Markets may be brewing initial signs of trouble. Be cautious.
In conclusion, Malaysia is approaching the end of the large scale distribution. The escape waves created by FED, ECB and BOJ have ended. Long term bear market transition is in confirmation phase. Malaysia Ringgit is showing signs anomaly and a nasty bear market is in the brewing.
Donovan Norfolk Technical Rating:
Bearish
Exit Financial Markets
Sell/Short Financial Markets, Indices, Stocks & Equities
Exit Financial Markets
Sell/Short Financial Markets, Indices, Stocks & Equities
Signs of Topping Out; Transition from Bull to Bear Markets Worldwide
Click "Share" on the Facebook icon at the bottom of this thread if you like it, or
if you would like to start a discussion about it with friends on your Facebook Wall.
I'm seeing fbmt100 and fbmklci running up in a rising wedges since 2009, am I getting it right?
ReplyDelete