Friday, 7 October 2016
Nam Cheong: 7 October 2016, Friday, 4.59pm Singapore Time
Attached above is the technicals of Nan Cheong, a penny 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 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 high volume green bar regions in 2016 as illustrated on chart are high volume re-accumulations, with the 2nd high volume green bar causing a breakup this week. This is a show of rally intentions. This stock has bottomed.
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. 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 make the herd wrong again, having successfully made the herd 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.】