Morning. I have been bullish since 1-2 years ago, when glove stocks CRASHED, killing those who rushed in during the euphoric period of the APR-AUG2020 pandemic. Even MAHSING went into glove production. That is the last straw.
So, once the market crashed and everyone was very bearish on the sector (they are still losing money, anyway), the prices started to bottom out and are recovering well. If you are stuck inside TOPGLOVE up there (siapa suruh) and are 50% or more paperless, do you have yourself to blame for not adding more?
U like Topglove at RM5, it doesn't make any sense to ignore it at RM2.50 ... well ... then RM1.25 ... ouch. It went below RM1 (ex-div and bonus/split).
Topglove BREAKOUT of RM1.26 recently, initiating a buy ...trade the 52w high... check Harta, Supermax, and Kossan too.
Note : I hv position in gloves as it has been most favoured sector since 1-2 yrs ago,ya
TEH