Those who did not get out on my end-2013, early-2014 and entire-2014 warnings, the price actions has not punished you yet, but the wealth destruction that I had warned in 2014 before it happens will come.
Note that the Head of the Shoulder-Head-Shoulder (SHS) formed in 2014 was a fake break-up ensuring the double bearishness in Hong Fok. The Left Shoulders and Right Shoulders have the same magnitude, i.e. same height, which makes this a powerful SHS.
Hong Fok has also failed to rebound or execute any rally on a +10.000 FFA.
This is bearish for Hong Fok.
Any escape wave, if market is gracious enough to execute it, is a sell.
Irregardless, market will eventually break down the RED SUPPORT trendline.