If close above 0.450, bullish engulfing will be confirmed..

Exactly.. everytime all the laggard gloves goes up, K1 will come and potong last minute with bigger roi.. Its gonna be a stronger qtr from now on. Quite happy with the roi from k1-wc, rempit the counter and took profit at 20% .. duit breakfast sorted already

Happy days.. hopefully the tide has change.. time to change to uptrend now

Super_newbie,
for that you gotta do your market research and get the reviews from their customer base. In which we will not know unless anyone here are any of the users from its Cloud product. But viewing from their company website (should not be a good data to gauge on this subjet), I see K1>Krono.. not too sure about Gpacket since it is not syariah compliant.

Oilwaterman,
I agree. K1 have potential, if break what else to do, let it touch SL, and if sold move on to other stronger counter, wait entry on next reversal.. mind sharing your id in trading view by any chance?

Trading View Shared Thoughts - https://www.tradingview.com/chart/K1/UO5WE1WQ-10-July-2020-K1-Technical-Analysis/
Chart Image - https://www.tradingview.com/i/UO5WE1WQ/

Thanks to all the awesome people who have shared the insights on K1, whom have made it easy and clear to see where is the direction of K1, so now it is up to your own self to commit to your own trading plan, set your goals and your risks. Fundametal wise, have been poured nicely in this forum comparing to other counters in which too much baseless argument to who is better and what not.

Technical wise, we can now see that K1 have almost reached its strong support (people might have different opinions on this) to me, 0.405 would be a good standing point to see if K1 could hold on to this support level.. current price as of 10/07/2020 is at 0.425, so there is 4.7% risk to those have bought at 0.425. If you dont find it fit your risk, switch to your researched on a stronger technology company since technology is at bullish trend at the time.

K1 QTR Report Key Takeaways:

3. COMMENTS ABOUT SEASONAL OR CYCLICAL FACTORS
-The Group’s Electronics Manufacturing Services (EMS) business, predominantly export in
nature (94.7% export in 1Q’20; 96.6% export in 1Q’19) is subject to seasonal fluctuations.
Business in the second half of the year is normally stronger than the first half of the year
due to surge in demand mainly attributed to the consumer electronics market segment
in conjunction with Christmas and New Year seasons overseas.

-Revenue contribution from the Cloud Computing business (through G-AsiaPacific Sdn.
Bhd. for which the acquisition of 60% equity interest in the said company was concluded
in March 2019) is mainly derived from Malaysia and is not subject to any obvious
seasonality

6. ISSUANCE OR REPAYMENT OF DEBT AND EQUITY SECURITIES
There were no issuances, repurchases and repayments of debt and equity securities
during the period.
..

K1 mainly profits from its EMS business comparing to its other business which also include the Cloud, & Internet of Things.. but due to the pandemic, we are all well aware that, business is sluggish due to lockdowns, thus less demand in this sector which brings lower profit in K1. This is also due to the fact that most of the supplychains came from china, thus due to the lockdown in china, there was interrupted supply which hard to meet its fulfillment..

Looking in the near future, 2nd Qtr would be better view as the pandemic in Malaysia have stabilised with key consumer in electronics will start to pick up due to preparations on peek events such as christmas, new years, etc.. Also importantly due to the impact of health aids requirement, K1 intensifies its focus in the healthcare segments in which the recently announced NASA-JPL Low-Cost Ventilators (VITAL) to be supplied to targeted countries in most hospitals by 3rd Qtr 20'. This is also subjected to the gaining the approvals from its relevant authorities.

Please read the full report for more details (https://www.malaysiastock.biz/GetReport.aspx?file=2020/6/29/0111%20-%201724423028892.pdf&name=1Q2020.pdf)

*Disclaimer - trade at your own responsibility.

In addition, from the chart 0.405-0.425 seems to be a good support to hold the downtrend.. but once the resistance channel line breaks, it will be a clear sky for K1

Looking at Scomnet news today, if the dots were to connect, scomnet have got the US FDA approval for medical devices.. somehow, K1 have licence link to US on the ventilators.. although, ventilators may wont be as profitable comparing to the glove business, however K1 by far are one and only malaysian company who have successfully attained those licence from US.. just hopefully the news announced for scomnet benefits K1..

Down maybe because people worry on the opr news.. plus it has been going up for 4 days straight, surely it will pull back for atleast a few days before trying to break the 1.26 resistance again.. but bare in mind next week is political resitting.. might have a psychological impact on klci as well..

I dont see any EG glove products from its website.. perhaps face mask is what you are trying to convene here? Xoxking3?