Chart courtesy of Chartnexus.com
Attached above is the Technical Analysis of Kris Energy that is listed in the Singapore Stocks Market of SGX.
The RED BOX region is my end-2013 and early-2014 Worldwide Funds Flow Analysis Warnings of a Bear Market Transition to happen in 2014 and to get out of all stocks and equities.
The ORANGE BOX region is the transition to bear market as forewarned in early 2014.
The best thing about this market is that it used many fake bullish chart formations to trick many investors and market traders to buy the markets while the smart monies engaged in intensive distribution, something that I had forewarned will happen in 2014.
This stock has proceeded to execute the transition to bear market and the 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 if market is merciful, 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 real selling-down came.
This is the wealth destruction as forewarned in end-2013 and early-2014.
The bear is far from over.
Reference (Previous Analysis In June-2014 With Track Records):
http://donovan-ang.blogspot.sg/2014/06/kris-energy-20-june-2014-friday-1030am.html
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