Chart courtesy of Chartnexus.com
Attached above is the Technical Analysis of Hyflux that is listed in the Singapore Stocks Market of SGX.
The RED BOX region is my end-2013 and early-2014 LIVE Warnings to get out due to stocks such as Hyflux (Utility companies that are highly leveraged and will do very badly or run into trouble under rising rates environment).
This stock has proceeded to execute the transition to its own bear market as well as its sell-down phase after my warnings.
The full transition process is shown in chart above.
The stock may do some dead cat rebound before resuming long term down-move, however, such dead cat rebounds are for unloading or shorting on rebounds, and not buying on dips which is high risk.
The stock is still in long term downtrend. In essence, any escape wave rebound is a sell into rebound.
This long term selling was forewarned by me in end-2013 and early-2014 just before the selling-down came.
This is the wealth destruction as forewarned in end-2013 and early-2014.
Its bear is far from over.
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