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Saturday, 12 July 2014

EUPE: 12 July 2014, Saturday, 2.27pm Singapore Time

EUPE: 12 July 2014, Saturday, 2.27pm Singapore Time
Chart courtesy of Chartnexus.com

Attached is the technical analysis of EUPE listed in KLSE.
For EUPE, I only need 2 lines to illustrate my point as well as to show where it current stands vis-a-vis the broad markets. The lines are highlighted in the attached chart.
There is not much buying momentum anymore. 

EUPE, together with Malaysia Stocks and Equities Market, is making transition to bear market.

Donovan Norfolk Technical Rating:
Bearish
Sell on Rebounds




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