Ticker 1

Ticker 2

Click "Like" to Receive First Hand Updates From The Analysis Site / Click "SHARE" to share

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:
Short/Sell off

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.

No comments:

Post a comment