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Sunday, 15 February 2015

China Fishery: 15 February 2015, Sunday, 10.01am Singapore Time

China Fishery: 15 February 2015, Sunday, 10.01am Singapore Time
Chart courtesy of Chartnexus.com

Attached above is the daily chart of China Fishery that is listed in the Singapore market.
Refer to full Technical Analysis as illustrated in the chart. It is self explanatory.

Those who did not get out on my end-2013, early-2014 and entire-2014 warnings, this is the punishing price action and wealth destruction that I had warned just before it happens.

Any escape wave, if market is gracious enough to execute it and if it comes will end at 27 cents maximum, but has extremely low probability of any rebound to 27 cents in the short or mid term. Long term bear market is still not finished yet with this company.

Irregardless, market will continue to probe for new lows and yet more new lows repeatedly until:
1. Company changes new top and middle management.
2. Company goes bust.

Given such a large scale formation price structure,
China Fishery will end at below 10 cents, a super penny stock status.

Good luck.

Donovan Norfolk Ang Technical Rating:
(Short/Sell/Unload on any market gracious rebound)

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