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Saturday, 12 July 2014

INARI: 12 July 2014, Saturday, 12.11pm Singapore Time

INARI: 12 July 2014, Saturday, 12.11pm Singapore Time
Chart courtesy of Chartnexus.com

Attached is the technical analysis of INARI listed in KLSE.
17 folds within 2 years. Time to take all profits and dump.
Many penny stocks are frothing with bubbles in Malaysia.
Exponential Bubble. A crash is in the brewing.

At the end of a bull market, dead penny stocks such as INARI will be speculated because Big Hands are not buying dividend stocks, blue chips and index stocks anymore.

INARI is at final stage of pump, and the rush for exit will inflict pain to the late comers.

A large number of retailers and retail investors have been sucked in based on technicals and the hot rush for exit is coming soon.

INARI, 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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3 comments:

  1. Have you take into consideration the future of inari? Do you think smart phone n tablet will be in down trend?

    ReplyDelete
  2. Why not?
    And why Inari cannot transit to downtrend?

    ReplyDelete
  3. In addition, if 17x in just 2 years is not a bubble, then what is? Up 2x from here so that it becomes 34x in 3 years?

    ReplyDelete