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Tuesday, 20 May 2014

Baker Technology: 20 May 2014, Tuesday, 10.08pm Singapore Time

Baker Technology: 20 May 2014, Tuesday, 10.08pm Singapore Time
Chart courtesy of Chartnexus.com

Attached above is the chart of Baker Technology.

+ Pump and Dump was achieved in early 2013 for final wave
+ From 2013 to 2014, Baker Tech stock engaged in distribution and luring in of fools' monies to buy the market.
+ 3 Traps are per illustrated in chart.
+ Maximum +10.000 FFA is completing and U-turning, and this is the maximum that Baker Tech can go during this wave of rebound (engaged in the 3 bearish traps): Bear Market Transition as warned in end-2013 and early 2014 in daily FFA.
+ Resumption of sell-off will now proceed to  break down long term trend to confirm the transit to bear market.
+ Only fools'money are constantly looking for stocks and equities to buy when risks of downside always outweigh any upsides now.


Donovan Norfolk Ang Technical Rating:
Bearish
Short/Sell off


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