Chart courtesy of Chartnexus.com
Attached above is the Technical Analysis of Sumatec that is listed in the KLSE.
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. ORANGE BOX region is the transition to bear market as forewarned.
This stock has proceeded to execute the transition to bear market and the sell-down phase after my warnings. It has more than half priced (more than -50%) since 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 YELLOW BOX region is where one should unload on the final dead cat bounce escape wave, if market is merciful enough.
The YELLOW BOX region is where one should unload on the final dead cat bounce escape wave, if market is merciful enough.
The stock has built a peaked distribution. 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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