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Tuesday, 10 June 2014

STATS ChipPAC: 10 June 2014, Tuesday, 8.21am Singapore Time

STATS ChipPAC (Chart 1): 10 June 2014, Tuesday, 8.21am Singapore Time
Chart courtesy of Chartnexus.com

Attached above is the STATS ChipPAC Technical Analysis:
+ Broken up descending triple bottom consolidation previously
+ Price Satisfaction Zone (PSZ) of the breakup is 68 cents. 
+ 67-68cents area is where major profits taking will be executed
+ Above chart also shows what had been happening leading to the break up. 


STATS ChipPAC (Chart 2): 10 June 2014, Tuesday, 8.21am Singapore Time
Chart courtesy of Chartnexus.com

+STATS ChipPAC (Chart 2) shows the bull flag formed as well as the execution with PSZ coincidentally also at 68cents. 
+ 67-68 cents will hence see major profit takings.
+ The volume distribution also shows many retail traders being distributed with the stock.


STATS ChipPAC (Chart 3): 10 June 2014, Tuesday, 8.21am Singapore Time
Chart courtesy of Chartnexus.com

+ STATS ChipPAC (Chart 3) shows the buy volumes, accumulation volumes, triple bottom break-up volumes, flag break-up volumes and the risky-zone volumes.
+ The entry zones and their implications are also explained in chart.
+ There were not many early birds in this stock.
+ There were a huge number of late retail comers in this stock.
+ Be cautious.

Donovan Norfolk Technical Rating:
Price Satisfaction Zone To Be Hit at $0.67-$0.68 (67-68 cents) For Major Profit Takings.



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