Chart courtesy of Chartnexus.com
Attached above is the Technical Analysis of HG Metal that is listed in the Singapore Stocks Market.
The RED BOX region is my end-2013 and early-2014 Worldwide Funds Flow Analysis Warnings of a Bear Market Transition to happen in 2014 and to get out of all stocks and equities.
This stock has proceeded to execute the transition to 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, 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.
This long term selling was forewarned by me in end-2013 and early-2014 just before the selling-down came.
This is the wealth destruction as forewarned in end-2013 and early-2014.
The bear is far from over.
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