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Wednesday, 21 May 2014

Citigroup: 21 May 2014, Wednesday, 9.50pm Singapore Time

Citigroup: 21 May 2014, Wednesday, 9.50pm Singapore Time
Chart courtesy of StockCharts.com

+ VERY LARGE ROUNDING TOP: BEARISH

+ Price satisfaction already achieved at $54 
(End of entire ESCAPE WAVE rebound from year 2011-2014)

+ 1st layer of resistance: BLACK Resistance at  $54

+ 2nd layer of resistance: BLUE support-turned-resistance

+ 3rd layer of resistance: PINK resistance at $48-$50

+ Signal of intentions to transit to bear market. 

+ Bearish attacks are here as per warned at the end of 2013 and start of 2014 based on Daily Funds Flow Analysis.

Citigroup: 21 May 2014, Wednesday, 9.40pm Singapore Time
Chart courtesy of StockCharts.com

+ Maximum +10.000 FFA is completing and U-turning and this had been the best performance that Citigroup stock can offer. 
+ Resumption of sell-off will now proceed to do further damage.
+ Financial markets are transiting to bear to bear markets as per warned in Daily Funds Flow Analysis (Refer RED BOX region in chart above).
+ Only fools'money are constantly looking for stocks and equities to buy when risks of downside always outweigh any upsides as previously warned; this is something that has been repeatedly warned for the past 6 months with my daily FFA Analysis.


Donovan Norfolk Ang Technical Rating:
Highly Bearish
Short/Sell off

Related
The Great Capital Exodus from Worldwide Bank Stocks (2014)
http://donovan-ang.blogspot.sg/2014/02/ftse-st-financial-index-2-february-2014.html

RELATED: 
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)

RELATED: THE GREAT CAPITAL FLIGHT OUT OF EMERGING MARKETS:




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