UMS: 11 June 2014, Wednesday, 1.25am Singapore Time
Chart courtesy of Chartnexus.com
Attached above is the UMS Technical Analysis:
+ Buying interests with accumulation that enabled the stock to propel.
+ It is also the selling interests which ends with exponential rise that enables the stock to plunge.
+ Smart monies already exited and plenty of fools' monies are already all in.
+ With that, price will ideally fall to at least the price where 1st batch of profit-takings occurred. This translates to a fall towards at least 28 cents, representing a -63.7% fall from the peak and a more than -52.9% fall from current point.
+ Warned about all these transition from bull to bear market based on daily funds flow analysis at the end of 2013 and early 2014.
Donovan Norfolk Technical Rating:
End of Bull Market for UMS
Bearish
(Sell on Rebounds)
End of Bull Market for UMS
Bearish
(Sell on Rebounds)
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