TDM: 12 July 2014, Saturday, 2.58pm Singapore Time
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.
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
Click "Share" on the Facebook icon at the bottom of this thread if you like it, or
if you would like to start a discussion about it with friends on your Facebook Wall.
No comments:
Post a Comment