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Sunday, 12 January 2014

Wing Tai: 12 January 2014, Sunday, 11.10pm Singapore Time

Wing Tai: 12 January 2014, Sunday, 11.10pm Singapore Time
Chart courtesy of ChartNexus.com


Attached above is the chart of Wing Tai (Wing Tai, Singapore & Hong Kong Property Stock).
All illustrations are as per explained in the chart.
(This stock is available in igmarket)

Target: 
at least $1.60
before any consolidation to take place

Donovan Rating:
Bearish

Side Note:
1.Worldwide Physical Property Market will have selling pressure.
2. Worldwide Property Stocks and Equities will have selling pressure.
3. Wing Tai is less bearish in structure compared to the other local property stocks as it has some operations in Hong Kong; however, it is now in a mid-term downtrend.



Donovan Norfolk Ang

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