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Wednesday, 18 June 2014

Mirach Energy: 18 June 2014, Wednesday, 9.33pm Singapore Time

Mirach Energy: 18 June 2014, Wednesday, 9.33pm Singapore Time
Chart courtesy of Chartnexus.com

In tune with the oil and energy market movements, this stock is one of the minority 5% that will make a final last wave up while the rest of the markets transit for downtrends.
Targets:
Target 1 (35cents) and possibly Target 2 (54cents).
Start unloading from 35 cents onwards.

Refer to my crude oil analysis of February 2014 and crude oil follow-up analysis in June 2014:

"After buying/longing at the $100.00 mark previously, the target that I gave in Feb 2014 for taking profits was $108.50, a move of an aggressive at least 850 pips from where I longed the US Light Crude (850 pips equals at least US$850 per contract which is fairly large and significant).

Note that I am upping my targets to $110 and $145. This represents 1000pips-per-contract profits and 4500pips-per-contract profits on all my rolled over contracts.

I will be taking be taking profits in several batches of 15-contracts-per-batch from $110.00 (1000pips-per-contract profits) to $145.00 (4500pips-per-contract profits)."

Mirach Energy has the potential to move towards, at least, target 1 (35cents) and, at optimal, target 2 (54cents); this will be in sync with crude oil and energy market movements.

Donovan Norfolk Ang Technical Rating Mirach Energy:
Bullish awaiting more break-ups, 
with a move towards target 1 (35cents) and possibly target 2 (54cents).
Start unloading from 35 cents onwards.

Donovan Norfolk Ang Technical Rating on Stocks and Equities Worldwide:
Bearish (Sell)

Additional Note:
Oil will be last asset class to spike up, and will also help the bear market of stocks and equities to get further entrenched and deeply rooted.


All Crude Oil Analyses:
http://donovan-ang.blogspot.sg/search/label/US%20Light%20Crude%20Oil




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3 comments:

  1. Hi donovan, im a fan of ur posts, how about krisenergy? any tips on that?

    ReplyDelete
  2. Hi Leslie, I will do an analysis of Krisenergy just for you.

    ReplyDelete