UOL: 1 June 2014, Sunday, 11.20am Singapore Time
Property Bear Market as per previously warned beforehand.
+ High Volume Breakdown with Low Volume Backtest to confirm downtrend.
+ UOL is now following a RED channel downwave.
+ ORANGE circles above highlight the bear market transition in properties.
+ Those who are highly leveraged in properties will suffer great loss as the tide has turned.
+ Escape Wave had sucked in many retailers, traders and investors who never know they are counter-trend and risks of counter-trends are always much higher than with-the-trend.
Worldwide Financial Markets are transiting to Bear Market as per forewarned previously.
Donovan Norfolk Ang Technical Rating:
Bearish
Short/Sell off
(Bearish in all Property Sector Stocks As Per Reiterated)
(Bearish in all Property Sector Stocks As Per Reiterated)
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