Biosensors: 20 May 2014, Tuesday, 10.30pm Singapore Time
Chart courtesy of Chartnexus.com
Attached above is the chart of Biosensors.
(Current Price 98 cents)
(Current Price 98 cents)
Maximum +10.000 FFA is completing and U-turning and this is the maximum that Biosensors can go in this wave of rebound.
+ Biosensors is not able to capitalise on the maximum +10.000 FFA's big wind direction to negate its large structural break-down, suggesting Big Hands are suppressing this stock massively:
HIGH BEARISHNESS.
+ Resumption of sell-off will now proceed to do further damage and confirm the bear market for Biosensors.
+ A new multi-year low is awaiting Biosensors now.
+ Only fools'money are constantly looking for stocks and equities to buy when risks of downside always outweigh any upsides now, something that has been repeatedly warned for the past 6 months with my daily FFA Analysis.
Donovan Norfolk Ang Technical Rating:
Bearish
Short/Sell off
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