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Saturday, 12 July 2014

Consol Energy: 12 July 2014, Saturday, 3.16pm Singapore Time

Consol Energy: 12 July 2014, Saturday, 3.16pm Singapore Time
Chart courtesy of StockCharts.com

Attached is the technical analysis of Consol Energy listed in the NYSE.
+ Price satisfaction for rebound wave to end and for long term downtrend to resume:
$44.00
+ The $44 escape wave target has ended with an overshot to $48 for smart money shorting purposes.
After shorting, Consol Energy will undergo the high volume break-down and mark-down stage
+ This stage is currently on-going.
Sell off in stocks is far from over yet.


Donovan Norfolk Technical Rating:
Bearish
Sell on Rebounds




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