Pan Hong Property: 7 March 2015, Saturday, 12.23pm Singapore Time
Attached above is the Technical Analysis of Pan Hong Property.
The RED BOXES region are my Live Worldwide Funds Flow Analysis Warnings in end-2013 and early-2014 to get out of all stocks and equities.
Pan Hong has proceeded to break down the double-black support lines and back-testing them as resistances after my warnings.
It has also used the purple and blue lines as new resistances to ensure the long term bear market in it gets executed indefinitely until the capitulation point of worldwide financial markets.
ORANGE zone in chart above shows this stock's failure to rally on maximum broad markets' +10.000 FFA, denoting triple confirmation of the long term bear market. This stock will now proceed to break down $0.10 for the long term bear to form new long term lows.
Pan Hong reflects the true state of property markets.
This is the wealth destruction as forewarned.
The bear is far from over.
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