SM Prime Holdings Inc: 9 February 2014, Sunday, 7.15pm Singapore Time

SM Prime Holdings Inc: 9 February 2014, Sunday, 7.15pm Singapore Time

Chart courtesy of Chartnexus.com

Attached above is the Chart of SM Prime Holdings listed in the Philippines Stocks Exchange.

(PSE: SMPH)

+ Broke down critical long term support.

+ Huge unload to Philippines Public just before breakdown: Smart Money selling

+ High Blocking Volume at the critical resistances as boxed RED: Smart Money exiting.

+ SMPH is following a large RED Channel down now. Expect more downmove towards the bottom of the RED Channel before it can stabilise.
+ Note that SMPH RED Down-channel down-trend move is steeper than its previous BLUE-Channel up-trend move. Its previous gains are much more easily erased in this down-move.

Target:

Bottom of Red Down-Channel at 11.50-12.00

(Significant Downside)

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

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