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Monday, 19 May 2014

Neptune Orient Lines (NOL): 19 May 2014, Monday, 9.15pm Singapore Time

Neptune Orient Lines (NOL): 19 May 2014, Monday, 9.15pm Singapore Time
Chart courtesy of Chartnexus.com

Attached above is the Daily Chart of Neptune Orient Lines (NOL) that is listed in the SGX Singapore Market. NOL is one of the top 10 shipping companies in the world.

Neptune Orient Lines (NOL) had been suppressed when Broad Markets reached maximum FFA = +10.000. With Broad Market Funds Flow Analysis at MAXIMUM Longs and at turning point now, NOL has confirmed its large bear market.

When the tide turns again for negative FFA, NOL will break new lows and move along southwards path towards target of 49cents to 53 cents. This represents a half price from current point.

If the high quality and no-nonsense NOL is not performing, it means worldwide international trade is not as good as what it should be. Be very cautious of worldwide financial markets.

Let me say "HOLY MOLLY!".. before it happens. Sell side is taking over soon.

Donovan Norfolk Ang Technical Rating:
Bearish
Short/Sell
(Worldwide Shipping Sector: Highly Bearish)


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