+ AMETEK Inc is a quality industrial sector stock that is listed in the NYSE. It is a global manufacturer of electronic instruments and electro-mechanical devices. It is also an index component stock of the S&P 500 Index.
In the case of Ametek, an industrial stock, there is a huge stealthy distribution along the BLUE SUPPORT line with distribution nearing the end phase now. Refer Chart above.
After profit-takings, Ametek, just like most other stocks and equities, went into shorts set-up phase. During this shorts lay out, the DOUBLE RED SUPPORT lines above further acted as support to aid the distribution to the retails and the general public.
At the current point, a huge sell off is awaiting to be executed.
At end of 2013, as per consistent with my daily funds flow analysis warnings, there were massive unloads at a price of 40x-50x times the start-up/IPO price of this stock (refer chart above).
Historic record-breaking sell volumes have been executed recently on bullish sentiments (Massive unload on positive sentiments). And mind you, this is not even a penny stock to warrant such a massive volume. It is a volume never ever achieved before.
A bad sell off is awaiting to be executed once this current shorts set-up have been completed.
The Great Capital Exodus from Worldwide Bank Stocks (2014)
THE GREAT CAPITAL FLIGHT OUT OF EACH OF THESE BANK STOCKS
(Some are currently doing last ditch attempt to dead cat bounce and backtest critical support-turned-resistances)
JP Morgan (U.S): http://donovan-ang.blogspot.sg/2014/02/jp-morgan-3-february-2014-monday-757am.html
Bank of America (U.S): http://donovan-ang.blogspot.sg/2014/02/bank-of-america-3-february-2014-monday.html
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