DJIA and the world markets (Macrotrend): 2 January 2021

    

DJIA and the world markets (Macrotrend):

2 January 2021
(Click on the Technical Chart Above to Expand)

Attached is the Super-cycle/Secular-cycle of DJIA and it serves an indicative guide to world markets (similar trend for S&P500 as well). There is practically no chance any trend can break up a trend up-channel resistance of a logarithmic chart because in linear scale, it already looks exponential. A deep down-move in world markets is expected -- upside almost negligible compared to downside, i.e. rewards virtually negligible compared to risks. Outlook: bearish in everything.

The Donovan Norfolk Technical (SIA):
High Bearish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence.  

Technicals of Singapore Airlines: 1 January 2021

   

Technicals of Singapore Airlines:

1 January 2021
(Click on the Technical Chart Above to Expand)

Attached is the Monthly Technicals of Singapore Airlines. A strong November rebound which had gone according to my anticipation was followed by a weak December stalling. This has forced me to relook and flipped me back to high bearishness on Singapore Airline share prices. The resistance in grey is likely to hold. The dead cat rebound support line in pink is like to break down. When it breaks, the blue line support at $1.90 needs to be tested. Region between pink and blue lines is a vacuum zone of sharp price action, in sync with how price actions execute when important support breaks. I expect this support to break down in 2021. I am back to bearishness on all airline companies.

The Donovan Norfolk Technical (SIA):
Bearish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence.  

Technicals of DBS: 30 December 2020, 1.08am Singapore Time

  

Technicals of DBS:

30 December 2020, 1.08am Singapore Time
(Click on the Technical Chart Above to Expand)

Attached is the Technicals of DBS. I am no longer bullish of the markets. I am bearish of the stock markets. Volume flow traded for DBS stocks has not been bright as well. Anything gotten out at this week, like the price of $25.20, is a brilliant exit in my technical judgement. I expect DBS to break down $20.00 easily. 

The Donovan Norfolk Technical (DBS):
Bearish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence.  

Stock Market Plunges Worldwide Is Coming: 28 December 2020, 1.52pm Singapore Time

  

Stock Market Plunges Worldwide Is Coming:

28 December 2020, 1.52pm Singapore Time
(Click on the Technical Chart Above to Expand)

Sampling one of the most quality fruits from within the basket of all stock markets in the world -- the Singapore Straits Times Index (world's best stock market barometer): the escape wave has successfully backtested the resistance as shown. The next technical target will be 1500-1600 points representing a significant fall which will also be sharp based on the vacuum zone.

(Sidenote: I had actually sampled all the fruits within the basket -- stale and sour already, in case you thought I had sampled just one fruit)

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence.   

Technicals of Fear Index VIX: 20 December 2020, 12.37am Singapore Time

 

Technicals of Fear Index VIX:

20 December 2020, 12.37am Singapore Time
(Click on the Technical Chart Above to Expand)

Fear factor is on the rising trend, with a backtest in 2nd green circled region being completed. The backtest is similar to the one as highlighted by the 1st green circled region. Fear is frothing.

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence.   

The Big Crash of Glove Stocks To Come: Supermax: 14 Dec 2020

 

Technicals of Supermax (and Glove Stocks such as Topglove and Careplus):

14 December 2020
(Click on the Technical Chart Above to Expand)

Attached is the Technicals of Supermax (and Glove Stocks such as Comfort Gloves, Topglove and Careplus in general). As illustrated on the chart technicals of price actions and volume flow, the distribution within the symmetrical triangle is getting impatient and more rushed. 

TP based on chart technicals: $2.26 

This will represent a regression back to the norm; it also represents a -70% crash from here and a -81% crash from the peak. A high volume flow will break down the triangle based on forward fundamentals.

The Donovan Norfolk Technical Outlook on Gloves:
Highly Bearish

Related:

http://donovan-ang.blogspot.com/2017/06/carepls-klse-0163-6-june-2017-tuesday.html

http://donovan-ang.blogspot.com/2020/11/updated-technicals-of-glove-stocks-such.html

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence.  

Super-Cycle Technical Analysis of Malaysia Steel Works (MASTEEL) (KLSE: 5098): 7 December 2020, Friday

  

Super-Cycle Technical Analysis of Malaysia Steel Works (MASTEEL) (KLSE: 5098): 
7 December 2020, Friday

(Click on Technical Chart above to Expand)

Attached is the Super-Cycle Technical Analysis of Malaysia Steel Works (MASTEEL) (KLSE: 5098).

First Super-cycle (SC) Destination in accordance to technicals theory = 2x SC Pivot = $2.76

Second Super-cycle (SC) Destination in accordance to technicals theory = 2^2 x SC Pivot = $5.52

The Donovan Norfolk Technical Rating:
Bullish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Super-Cycle Technical Analysis of Hengyuan (KLSE: 4324): 4 December 2020, Friday

 

Super-Cycle Technical Analysis of Hengyuan (KLSE: 4324): 
4 December 2020, Friday

(Click on Technical Chart above to Expand)

Attached is the SuperCycle Technicals for Hengyuan Refining Company (KLSE: 4324). I had originally expected it to move from $19.00 to $38.00 with ease, however, I was wrong when its movement was derailed by Donald Trump's trade war and picking of fights all over the world. The base for Super-Cycle projection has so far been maintained at my follow-up anticipation of $6.00 base. This is the base that turns Super-Cycle Resistance into Super-Cycle Support. The Super-Cycle Logarithmic move from here is +900% to +1000% from the base. With the base confirmed successfully in December 2020, Hengyuan Super-Cycle Target is still confirmed at $38.00 and $54.00 respectively. The Super-Cycle Pivot is $19.00. The 1st Super-Cycle Checkpoint Target remains at 2xPivot=$38.00. 

The Donovan Norfolk Technical Rating:
Bullish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Technicals of Booking Holdings (NASDAQ: BKNG): 3 December 2020

  

Technicals of Booking Holdings (NASDAQ: BKNG):

3 December 2020
(Click on the Technical Chart Above to Expand)

Attached is the technicals of Booking Holdings (NASDAQ: BKNG). The pennant pole is illustrated in X. The pennant is illustrated as the symmetrical triangle in the chart. The pennant is awaiting a breakout which will bring the projected flagpole X to TP of $2600. The volume flow is bullish and triangulates to the chart formation. Bullish. 

The Donovan Norfolk Technical Rating:
Bullish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

US Steel Group Inc (NYSE: X): 2 December 2020

 

Technicals of US Steel Grp Inc (NYSE: X):

2 December 2020
(Click on the Technical Chart Above to Expand)

Janet Yellen is most likely to be employing fiscal policy maximus in 2021 when she takes over as treasury secretary. The signs are getting stronger and stronger based on initial movement in the market. And this is just the start only. The former FED chief will likely work very well with the current FED chief to bring US to the next level up. She will boost up G within the GDP formula. As explained in detail some time ago, infrastructure development is the best way to bring US straight up like a furious bull, and jump-start employment, post-covid era. Already US Industrial Metal stocks are the strongest commodity group among all the commodities (please do cross-reference to the illustrations on my FB Wall as well, everything is triangulating).

The Donovan Norfolk Technical Rating:
Bullish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

CAELY HOLDINGS (KLSE: 7154): 28 Nov 2020

  

CAELY HOLDINGS (KLSE: 7154):

28 Nov 2020
(Click on the Technical Chart Above to Expand)

Attached is the Technicals on CAELY HOLDINGS (KLSE: 7154). The accumulation is in ending phase, perhaps in last minor shakeout before it will soar up high in 2021. The light orange change in trajectory is a show of strength in the stock. 

The Donovan Norfolk Technical Analysis on CAELY HOLDINGS:
Bullish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Updated Technicals of Glove Stocks such as Topglove and Careplus: 16 Nov 2020

 

Updated Technicals of Glove Stocks such as Topglove and Careplus:

16 Nov 2020
(Click on the Technical Chart Above to Expand)

Attached is the Updated Technicals on Glove Stocks. The first red circled region is my initial technical buys established in 2017 on glove stocks (refer to glove stocks' analyses such as Careplus). The 2nd red circled region is my technical analysis sells as shared on my FB Wall Analyses before prices started to fall with acceleration (i.e. sharply). The prices have started to fall with stronger and stronger magnitude per my analyses, and before they moved. Based on volume flow, the plunge is far from over. Retailers will start to trample on retailers resulting in sharper falls. As there is no shorting mechanism as yet, there will be not much buy queues from short-sellers leading to even worse falls when retailers trample on one another.

The Donovan Norfolk Technical Outlook on Gloves:
Highly Bearish

Related:

http://donovan-ang.blogspot.com/2017/06/carepls-klse-0163-6-june-2017-tuesday.html

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Updated Technicals of Fulgent Genetics (NASDAQ: FLGT): 28 July 2020

Updated Technicals of Fulgent Genetics (NASDAQ: FLGT):

28 July 2020
(Click on the Technical Chart Above to Expand)

Attached is the Updated Technicals of Fulgent Genetics (NASDAQ: FLGT). Fulgent has just completed its significant re-accumulation. It is a stock that will outperform regardless of the broad index markets' performances, i.e. it goes up disregarding if broad markets are in bull or bear market. It is one of the good hedges together with Gold. The holy trinity of further re-accumulation is as illustrated. These are show of intentions. The green circled region of breakout is further declaration of market intention to mark up prices. If you had bought with me at $4.79 (refer to past analyses), your returns has furthered bloated from +350% to +552% now. You can continue to expect your returns to be at least +1000%. Target prices are $31.50 and $63.00 respectively.

The Donovan Norfolk Technical Rating:
Bullish

All Past Fulgent Genetics Analyses:
https://donovan-ang.blogspot.com/search/label/Fulgent%20Genetics

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Boeing (NYSE: BA): 24 July 2020, Friday

Boeing (NYSE: BA):

24 July 2020, Friday
(Click on the Technical Chart Above to Expand)

Attached is the Updated Technicals of Boeing Co (NYSE: BA). 
All explanations as per illustrated on chart. 
Take note of the deadly trinity, the volume distribution and re-distribution at the trinity, how the trinity is self-reinforcing and how the distribution flag is unfolding for Boeing.

Bearish.

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Gold: 2 June 2020, Tuesday

Gold:

2 June 2020, Tuesday
(Click on the Technical Chart Above to Expand)

Attached is the Updated Technicals of Gold. 
All explanations as per illustrated on chart.

Bullish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Updated Technicals of Spain IBEX Index: 27 May 2020

Updated Technicals of Spain IBEX Index:

27 May 2020
(Click on the Technical Chart Above to Expand)

Attached is the updated Technicals of Spain IBEX Index representing weakness of Eurozone and worldwide markets. 
Short/sell on Good News.

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Comparison of the US Banks 20 May 2020, Wednesday

Comparison of the US Banks

20 May 2020, Wednesday
(Click on the Technical Chart Above to Expand)

Attached is the Technical Comparison of the US Banks. Wells Fargo is the weakest followed by Citigroup. Bank of New York Mellon is the strongest followed by Goldman Sachs. Weakest will often remain weaker in comparison to everyone in their respective trends. There is a reason why they are there.

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Gold 3X ETFs: 20 May 2020, Wednesday

Gold 3X ETFs:

20 May 2020, Wednesday
(Click on the Technical Chart Above to Expand)

Attached is the Technicals of typical Gold 3X ETFs.
The green zone is the massive consolidation which I had preempted and reiterated many times in the past few years that they were smart monies' buys for very massive upwave of Gold to come. The first set of blue circled regions are the close to 300% returns since my buy-analysis for Gold (for aggressive gold bull investors). These people will see their holdings go to 1000% returns when my gold TP comes. The 2nd set of single blue circled region is where bullish gold buyers were rewarded with 150% returns on sharp technical backtest. The entire price structure also serves to remind that Gold ascent from breakout is just the start of a big journey up.
(Click on the Technical Chart for the expanded version)

Bullish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Singapore Airlines (SIA): 18 May 2020, Monday

Singapore Airlines (SIA):

18 May 2020, Monday
(Click on the Technical Chart Above to Expand)

Attached is the Technicals of Singapore Airlines (SIA), one of the top airlines in the world.
It gives a possible glimpse to the plight of all airlines in the world -- when the strongest in the world is in a bad state, the weak ones would be far worse. On 4th April 2020, when SIA was at $5.50 I had said that the stock was a straight sell as it was in an immensely high pressure selling zone. It is $3.90 now. However, the worst is not over yet. Based on technical price structure, the TP of the breakdown is $3.25 for consolidation. Consolidation means the market needs to decide at $3.25 if the situation clears from there. If yes, there will be a consolidation breakup for buying; if not, there will be a further consolidation breakdown for more down wave and selling. Conclusion: Blue words stated in T.A chart.

Bearish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Bitcoins: 7 May 2020, Thursday

Bitcoins:

7 May 2020, Thursday
(Click on the Technical Chart Above to Expand)

Attached is the technicals of Bitcoins. The black boxed region is the volume flow of reversal volumes that mark a rock bottom. Such volume flow at bottoms successfully reverse a flow and create a new major tide 90% of the time. The green circled region is where Bitcoins are finding secret new supports. A breakout of the double red resistance lines will create an a significantly major new tide up. I am ending any bearishness on Bitcoins, and am resuming my bullish outlook on Bitcoins.

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence.