ARA Asset Management: 20 May 2014, Tuesday, 5.45pm Singapore Time
Chart courtesy of Chartnexus.com
+ Current price: $1.79
+ Price Satisfaction already achieved at $1.99 during mid-2013 and late-2013 for distribution
+ Price hovers around near $1.99 to facilitate shorting at the high while fools' monies are all looking for intraday buy opportunities
+ Maximum +10.000 FFA is completing and U-turning, and this is the maximum that ARA Asset Mgt can go during this wave of rebound: Bear Market Transition as warned in end-2013 and early 2014 in daily FFA.
+ Resumption of sell-off will now proceed to break down long term trend to confirm the transit to bear market.
+ Only fools'money are constantly looking for stocks and equities to buy when risks of downside always outweigh any upsides now.
This stock will break down all time lows, break down $1.00 and break down $0.95 respectively.
There is no end in sight yet to its large wave down-move to come.
There is no end in sight yet to its large wave down-move to come.
Donovan Norfolk Ang Technical Rating:
Bearish
Short/Sell off
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