Technicals of DBS: 30 December 2020, 1.08am Singapore Time

  

Technicals of DBS:

30 December 2020, 1.08am Singapore Time
(Click on the Technical Chart Above to Expand)

Attached is the Technicals of DBS. I am no longer bullish of the markets. I am bearish of the stock markets. Volume flow traded for DBS stocks has not been bright as well. Anything gotten out at this week, like the price of $25.20, is a brilliant exit in my technical judgement. I expect DBS to break down $20.00 easily. 

The Donovan Norfolk Technical (DBS):
Bearish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence.  

Stock Market Plunges Worldwide Is Coming: 28 December 2020, 1.52pm Singapore Time

  

Stock Market Plunges Worldwide Is Coming:

28 December 2020, 1.52pm Singapore Time
(Click on the Technical Chart Above to Expand)

Sampling one of the most quality fruits from within the basket of all stock markets in the world -- the Singapore Straits Times Index (world's best stock market barometer): the escape wave has successfully backtested the resistance as shown. The next technical target will be 1500-1600 points representing a significant fall which will also be sharp based on the vacuum zone.

(Sidenote: I had actually sampled all the fruits within the basket -- stale and sour already, in case you thought I had sampled just one fruit)

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence.   

Technicals of Fear Index VIX: 20 December 2020, 12.37am Singapore Time

 

Technicals of Fear Index VIX:

20 December 2020, 12.37am Singapore Time
(Click on the Technical Chart Above to Expand)

Fear factor is on the rising trend, with a backtest in 2nd green circled region being completed. The backtest is similar to the one as highlighted by the 1st green circled region. Fear is frothing.

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence.   

The Big Crash of Glove Stocks To Come: Supermax: 14 Dec 2020

 

Technicals of Supermax (and Glove Stocks such as Topglove and Careplus):

14 December 2020
(Click on the Technical Chart Above to Expand)

Attached is the Technicals of Supermax (and Glove Stocks such as Comfort Gloves, Topglove and Careplus in general). As illustrated on the chart technicals of price actions and volume flow, the distribution within the symmetrical triangle is getting impatient and more rushed. 

TP based on chart technicals: $2.26 

This will represent a regression back to the norm; it also represents a -70% crash from here and a -81% crash from the peak. A high volume flow will break down the triangle based on forward fundamentals.

The Donovan Norfolk Technical Outlook on Gloves:
Highly Bearish

Related:

http://donovan-ang.blogspot.com/2017/06/carepls-klse-0163-6-june-2017-tuesday.html

http://donovan-ang.blogspot.com/2020/11/updated-technicals-of-glove-stocks-such.html

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence.  

Super-Cycle Technical Analysis of Malaysia Steel Works (MASTEEL) (KLSE: 5098): 7 December 2020, Friday

  

Super-Cycle Technical Analysis of Malaysia Steel Works (MASTEEL) (KLSE: 5098): 
7 December 2020, Friday

(Click on Technical Chart above to Expand)

Attached is the Super-Cycle Technical Analysis of Malaysia Steel Works (MASTEEL) (KLSE: 5098).

First Super-cycle (SC) Destination in accordance to technicals theory = 2x SC Pivot = $2.76

Second Super-cycle (SC) Destination in accordance to technicals theory = 2^2 x SC Pivot = $5.52

The Donovan Norfolk Technical Rating:
Bullish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Super-Cycle Technical Analysis of Hengyuan (KLSE: 4324): 4 December 2020, Friday

 

Super-Cycle Technical Analysis of Hengyuan (KLSE: 4324): 
4 December 2020, Friday

(Click on Technical Chart above to Expand)

Attached is the SuperCycle Technicals for Hengyuan Refining Company (KLSE: 4324). I had originally expected it to move from $19.00 to $38.00 with ease, however, I was wrong when its movement was derailed by Donald Trump's trade war and picking of fights all over the world. The base for Super-Cycle projection has so far been maintained at my follow-up anticipation of $6.00 base. This is the base that turns Super-Cycle Resistance into Super-Cycle Support. The Super-Cycle Logarithmic move from here is +900% to +1000% from the base. With the base confirmed successfully in December 2020, Hengyuan Super-Cycle Target is still confirmed at $38.00 and $54.00 respectively. The Super-Cycle Pivot is $19.00. The 1st Super-Cycle Checkpoint Target remains at 2xPivot=$38.00. 

The Donovan Norfolk Technical Rating:
Bullish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Technicals of Booking Holdings (NASDAQ: BKNG): 3 December 2020

  

Technicals of Booking Holdings (NASDAQ: BKNG):

3 December 2020
(Click on the Technical Chart Above to Expand)

Attached is the technicals of Booking Holdings (NASDAQ: BKNG). The pennant pole is illustrated in X. The pennant is illustrated as the symmetrical triangle in the chart. The pennant is awaiting a breakout which will bring the projected flagpole X to TP of $2600. The volume flow is bullish and triangulates to the chart formation. Bullish. 

The Donovan Norfolk Technical Rating:
Bullish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

US Steel Group Inc (NYSE: X): 2 December 2020

 

Technicals of US Steel Grp Inc (NYSE: X):

2 December 2020
(Click on the Technical Chart Above to Expand)

Janet Yellen is most likely to be employing fiscal policy maximus in 2021 when she takes over as treasury secretary. The signs are getting stronger and stronger based on initial movement in the market. And this is just the start only. The former FED chief will likely work very well with the current FED chief to bring US to the next level up. She will boost up G within the GDP formula. As explained in detail some time ago, infrastructure development is the best way to bring US straight up like a furious bull, and jump-start employment, post-covid era. Already US Industrial Metal stocks are the strongest commodity group among all the commodities (please do cross-reference to the illustrations on my FB Wall as well, everything is triangulating).

The Donovan Norfolk Technical Rating:
Bullish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence.