Chart courtesy of Chartnexus.com
Attached above is the Technical Analysis of Sino Construction that is listed in the Singapore Stocks Market of SGX.
The RED BOX region is my 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 before they would plunge in end-2014 and in 2015.
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 intra-day dead cat rebound before resuming long term down-move if market is merciful, however, it is very unlikely for Sino Construction which is a very weak stock. Such dead cat rebounds, if any, are for immediate unloading or shorting on rebounds, and not buying on dips which is high risk.
This stock is considered a weak stock, hence its long term selling is far from over despite already at -87.9% plunge in value within 15 days. Cheap will become cheaper and in terms of time frame, it can be indefinitely cheap until suspension. In addition, those who are holding this stock have to be mentally prepared of the final two targets of 2 cents and 1 cent based on technicals (representing -93% to -96% loss for investors of 2014). In terms of timeframe, it will also take at least 7 to 20 years just to break even, provided the stock never goes into the suspension and delisted phase.
This stock is considered a weak stock, hence its long term selling is far from over despite already at -87.9% plunge in value within 15 days. Cheap will become cheaper and in terms of time frame, it can be indefinitely cheap until suspension. In addition, those who are holding this stock have to be mentally prepared of the final two targets of 2 cents and 1 cent based on technicals (representing -93% to -96% loss for investors of 2014). In terms of timeframe, it will also take at least 7 to 20 years just to break even, provided the stock never goes into the suspension and delisted phase.
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 early-2014 just before the real sell-down came.
This is the wealth destruction as forewarned in end-2013 and early-2014.
The bear is far from over.
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