SembCorp Marine: 9 February 2014, Sunday, 1.11pm Singapore Time

SembCorp Marine: 9 February 2014, Sunday, 1.11pm Singapore Time
Chart courtesy of Chartnexus.com

SembCorp Marine Technical Analysis as above:

1a. Huge Bearish Fan of Further Distribution as above

1b. Huge Descending Triangle as above

2. Broke down $4.39, $4.21 and $4.10  respectively.  

3. The $4.39, $4.21 and $4.10 is critical band of support.

4. The $4.39, $4.21 and $4.10 critical band of support is now high selling-pressured resistance now

5. Sell-down target is to break down previous Euro-zone crisis low of $3.05 and go for $2.75.

6. Expect first real wave of Margin Calls to further depress the financial markets.

Donovan Norfolk Ang Rating:

Highly Bearish for the long term.

Unload/Sell/Short on every Rebound

(Hint for Worldwide Markets: Bearish)

If you're not getting out for safety, are you prepared 
for the high downside with substantial loss for those with buys/longs/investment portfolio?

(Expect to see first real wave of Margin Calls worldwide that had not been seen since 2008 financial crisis)

Donovan Norfolk Ang

Click "Share" on the Facebook icon at the bottom of this thread if you like it, or 

if you would like to start a discussion about it with friends on your Facebook Wall.