Ticker 1

Ticker 2

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

Monday, 19 May 2014

FTSE ST Maritime Index: 19 May 2014, Monday, 5.45am Singapore Time

FTSE ST Maritime Index: 19 May 2014, Monday, 5.45am Singapore Time
Chart courtesy of Chartnexus.com

Attached above is the FTSE ST Maritime Index. It is completing its re-distribution phase.
There are now 3 deliberate layers of resistance used to suppressed this sector as illustrated above,
indicated by the YELLOW REGION @ 296.84 points, ORANGE REGION @279.79 points AND RED REGION @ 270.74 points.

The shipping and ship-building sector will be the first to turn as this is the weakest sector in all international financial markets.

Donovan Norfolk Technical Rating:
Bearish all shipping and ship-building stocks
Short/Sell



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