Chart courtesy of Chartnexus.com
Attached above is the Technical Analysis of Ezion that is listed in the Singapore Stocks Market of SGX.
The RED BOX region is my end-2013 and early-2014 Worldwide Funds Flow Analysis Warnings of an Energy Bear Market Transition to happen in 2014 and to get out of stocks and equities. The ORANGE BOX region is the transition to energy bear market as forewarned in early 2014.
This stock has proceeded to execute the transition to energy bear market and the sell-down phase after my warnings.
The full transition process is shown in chart above.
The stock may do some dead cat rebound before resuming long term down-move if market is merciful, however, such dead cat rebounds are for unloading or shorting on rebounds, and not buying on dips which is high risk.
The stock is still in long term downtrend. In essence, any escape wave rebound is a sell into rebound.
Resistance 2 of $1.32-$1.36 will hold and support at $1.00 will break down for accelerated plunge. Markets will break down $0.50 for Ezion and create many multi-year lows (80%-90% loss in price).
Resistance 2 of $1.32-$1.36 will hold and support at $1.00 will break down for accelerated plunge. Markets will break down $0.50 for Ezion and create many multi-year lows (80%-90% loss in price).
This long term selling was forewarned by me in end-2013 and early-2014 just before the real selling-down came.
This is the wealth destruction as forewarned in end-2013 and early-2014.
Reference (Previous Analysis Made Last Month):
http://donovan-ang.blogspot.sg/2015/02/ezion-8-february-2015-sunday-1042am.html
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