Hyflux: 25 May 2016, Wednesday, 2.13pm Singapore Time

Hyflux: 25 May 2016, Wednesday, 2.13pm Singapore Time

Attached above is the Technicals for Hyflux

that is listed in the Singapore SGX.

Refer in technicals above to where the distributions were conducted, which part of the secular market cycle the stock is in, where red trend band was broken, where the black classical band was broken down as well and to backtest critically (Brown Circle) to give confirmation of a stock in cancer.

Donovan Norfolk Ang (DNA) Technical Rating:

<< Bearish: Sell >>

Past Proven Track Record on Analysis of Hyflux:

http://donovan-ang.blogspot.sg/2015/03/hyflux-17-march-2015-tuesday-1230am.html
http://donovan-ang.blogspot.sg/search/label/Hyflux

Side Note:
 1st Additional Side Note: Hyflux issuing $300mil perpetual at 6% which will be increased to $500mil if it is oversubscribed makes Hyflux a clear short. Why did it not borrow cheaply from banks since current interest rate is much lower than that. Secondly, if interest rates rise, it would have to raise money at 8%-10% to attract the same batch of fools.

2nd Additional Side Note: The company is desperate to get money at any bad costs (6%). That is an initial sign of desperation, of how desperate the fundamentals may be.

NB:

DNA has no interest in this stock.

Donovan Norfolk Ang

Hyflux: 17 March 2015, Tuesday, 12.30am Singapore Time

Hyflux: 17 March 2015, Tuesday, 12.30am Singapore Time

Chart courtesy of Chartnexus.com

Attached above is the Technical Analysis of Hyflux that is listed in the Singapore Stocks Market of SGX.

The RED BOX region is my end-2013 and early-2014 LIVE Warnings to get out due to stocks such as Hyflux (Utility companies that are highly leveraged and will do very badly or run into trouble under rising rates environment).

This stock has proceeded to execute the transition to its own bear market as well as its 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.

Its bear is far from over.

Donovan Norfolk Ang

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