Neptune Orient Lines (NOL): 9 February 2014, Sunday, 11.55am Singapore Time
Chart courtesy of Chartnexus.com
5 Main Points to Take Note as Below
2.  NOL has Huge Descending Triangle within Long Term Downtrend:
Worldwide Financial Markets had 2 years 8 months of Escape Wave Rebounds, propelled mainly by technologies, banking/finance and properties (low interest environment), but world economic activities were far from satisfactory as hinted by the quality shipping line company. This highlights the below-average fundamentals in the economic structures worldwide. Something drastic has to happen to fundamentally change the economic structures worldwide (Example Western World has to produce more and Eastern World has to consume more).
3. NOL used  2 years and 8 months  to adopt a wait-and-see approach and consolidate however, this consolidation is coming to an end.
4. Expected to break down  $0.98-$1.025  Support Band and get resisted by  $0.98-$1.025  Band for the next target of  $0.49
5. The next wave of massive bearish volumes is expected to come soon. This massive selling volume will trigger the first real wave of margin call that had not been seen since 2008 financial crisis.


