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Saturday, 12 July 2014

TDM: 12 July 2014, Saturday, 2.58pm Singapore Time

TDM: 12 July 2014, Saturday, 2.58pm Singapore Time
Chart courtesy of Chartnexus.com

Attached is the technical analysis of TDM listed in KLSE.

RED BOX REGION: Failure to Rally on MAX FFA
<< WARNING: Failure To Rally on MAXIMUM +10.000 FFA >>

+ Maximum +10.000 FFA in the big wind/broad market is completing and U-turning, and this had been the best performance that this stock can offer (to be trapped in near consolidation within a +10.000 FFA: clear intentions to transit to bear market).
+ Resumption in sell-off will now proceed to do further damage.
+ Financial markets worldwide are transiting to bear markets as per warned in end-2013 and 1H-2014 using Daily Funds Flow Analyses (RED  BOX region). TDM is also transiting to a bear market.
+ Only retailers are holding unwanted stocks and there is no more buying interest.
+ There is also no more buying momentum and TDM is resisted by light blue internal resistance now.
+ Retailers are helping to catch stocks on the buy side while smart monies are throwing on the sell side.
+ TDM awaiting high volume high down. Malaysia public will be caught offguard in any selldowns.

Donovan Norfolk Technical Rating:
Bearish
Sell on Rebounds




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