Frasers Commercial Trust: 16 March 2015, Monday, 8.20pm Singapore Time
Chart courtesy of Chartnexus.com
Attached above is the Technical Analysis of Frasers Commercial Trust that is listed in the Singapore Stocks Market of SGX.
This is a an example of a strong stock
However, the strong stock has proceeded to execute the completion of a bearish distribution wedge.
However, the strong stock has proceeded to execute the completion of a bearish distribution wedge.
What this goes to show is that even strong stocks are completing distribution.
The stock may do some dead cat rebound before resuming long term down-move if market is merciful, however, such dead cat rebounds are for unloading on rebounds, and not buying on dips which is high risk.
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