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Thursday, 12 June 2014

Yongnam: 12 June 2014, Thursday, 2.08pm Singapore Time

Yongnam: 12 June 2014, Thursday, 2.08pm Singapore Time
Chart courtesy of Chartnexus.com

All Technical Analysis of Yongnam are as per illustrated in Daily Chart above.

+ Multiple Road Blocks set up by Big Hands which are deliberate and determined
+ Violent Price Rejecions after Pump and Dump in Green.
+ Major wave down is impulsive.
+ Waves up are corrective.
+ Corrective waves are ending
+ Resumption of major downtrend coming.
+ Mid-long term target will be to break down 19 cents for new multi-year lows in this bear market in Yongnam.

Donovan Norfolk Technical Rating:
Long Term Bear Market as per warned way beforehand
(Sell on Rebounds)

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