Wednesday, 19 October 2016
Golden Agri Resources: 19 October 2016, Wednesday, 9.46am Singapore Time
Attached above is the technicals of Golden Agri, a commodity palm oil stock that is listed in the SGX Singapore Market. The Red Boxed regions are my warnings in 2013 and 2014 to get out of the stocks and equities markets, especially commodities, mid-caps and small-caps, warning live back then that stock investors will mostly bleed badly despite indices looking strong to inflict bad losses for the herd. The Yellow Regions are my live warning in 1H-2016 on reversion from bearishness to bullishness in stocks as asset class amidst all the gloom and doom. The high volume green bar regions in 2H-2016 as illustrated on chart are high volume buys. Stock markets worldwide are preparing for a propulsion to the upside in 2017.
Majority of the herd have lost a lot of money by now as per forewarned in 2013-2015. Majority of the herd are anticipating a bear market now and see no reason for markets to go up. Hence, we will not only have a rally in 2017 amidst all the gloom and doom, we will have a SUPER RALLY. This will make a lot of hearts crumble because financial markets will cause the herd to be wrong again, having successfully made them believe with conviction that there is no reason to rally but plenty of reason for recession.
DNA Technical Rating:
【Worldwide stock markets to have synchronized super rally in 2H-2016 and 2017.】