Unibank Inc: 3 February 2014, Monday, 6.40pm Singapore Time
Chart courtesy of Chartnexus.com
Attached is the Chart of Unibank Inc (PSE: BDO) listed in the Philippines Stocks Exchange.
+ Sell Unibank Inc at current price range of 76.81-82.19 Peso.
+ BLACK SUPPORT Trendline is the last line of support holding the entire fragile structure now.
+ Once Critical BLACK SUPPORT breaks down, a floodgate of high mark-down/pump-down volume will flow with intention to trigger the first wave of margin calls in Philippines.
Donovan Norfolk Judgement:
Bearish for the mid-long term.
Unload/Sell/Short on every Rebound
Worldwide Bank Stocks Bearish now
Emerging Markets' Banks do not look optimistic.
As Banking and Financial Sector are the arteries of economic activities, this further signals weakness in stocks, equities and financial markets worldwide.Worldwide Bank Stocks Bearish now
Emerging Markets' Banks do not look optimistic.
RELATED: THE GREAT CAPITAL FLIGHT OUT OF WORLDWIDE BANK STOCKS:
FTSE ST Financial Index: http://donovan-ang.blogspot.sg/2014/02/ftse-st-financial-index-2-february-2014.html
FTSE ST Financial Index: http://donovan-ang.blogspot.sg/2014/02/ftse-st-financial-index-2-february-2014.html
DBS Bank (Singapore): http://donovan-ang.blogspot.sg/2014/02/dbs-3-february-2014-monday-1230am.html
HSBC Bank (U.K, Hong Kong): http://donovan-ang.blogspot.sg/2014/02/hsbc-holdings-hkse-3-january-2014.html
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