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2 weeks ago | Report Abuse
Cup and handle forming, high chance for a breakout next week to test recent high. The cup depth is small and handle volume is small as well. Let's see how, good luck
2 weeks ago | Report Abuse
Chipee thanks for the information. We know each quarter results will be better than the last for at least end of the year and next year US will start transition their supplier away from China.
2 weeks ago | Report Abuse
Great insight. Need confirmation of their operation efficiency and with utilzation improving to above 80%. KOSSAN should surpass Harta soon.
3 weeks ago | Report Abuse
Money is coming back in to klse. Better sharpen your technicals. Fundamentals will take a back seat, swing it well and good luck
4 weeks ago | Report Abuse
The US Cpe inflation is within expectation and Ecb most likely to cut rate in June. Tuesday will be a good time to bottom pick. Good luck
1 month ago | Report Abuse
ECB will reduce interest rate. Europe base funds might come in in anticipation of Euro going down. However US CPE data might be prove to be resilient and make US jittery again. Next week will be better to decide.
1 month ago | Report Abuse
No concern on the glove fundamentals. Better to wait for a clear uptrend tmrow or fri
1 month ago | Report Abuse
Can start to pick the bottom, tmrow or better Friday
1 month ago | Report Abuse
With the rate on how well KOSSAN managed it's operating expenses vs Harta(ops expenses more than revenue due to decommissioning old to new plants), I won't be surprised KOSSAN market cap to surpass Harta by year end. Good luck, better reposition your glove portfolio
1 month ago | Report Abuse
HARTA declare operating expenses is higher due material, gas and other operating costs. Infact increase from yoy. Yet KOSSAN is able to ramp up with lower operating cost with less revenue increase. Hopefully is due to decision to set up new lines that has yet to be utilised in the Bestari line
1 month ago | Report Abuse
Support is still very strong . Strong closing candle for harta. Flag pole and pendant pattern forming. High chance to continue the upward momentum in the near term. Simlar pattern seen for Kossan . Hopefully Kossan qtrly will satisfy the market with qtq increase in revenue and profit.
1 month ago | Report Abuse
Ok lah, recovery will be there . Fluctuation is as expected, it cost money to ramp up the lines...important sales are back
1 month ago | Report Abuse
QTRLY should be out this week by Friday. Today might be possible due to wesak tmrow. Hope to see another round of interest.
1 month ago | Report Abuse
This new flirt variant is so far the most virulent since it became endemic. 25k cases and doubled every week in Singapore as community immunity has dwindled.
1 month ago | Report Abuse
The flirt variant is hitting US as well.
1 month ago | Report Abuse
Semiconductor ATE makers should see up site. Msia usually benefits from both sides of the trade us/China war
1 month ago | Report Abuse
Tech stocks could be the next trend.
1 month ago | Report Abuse
I just use bursa site. Some might have better access but bursa is good enuf. Net short only show for 1 day and no trend. Hv to self plot
1 month ago | Report Abuse
Pull back is very low volume and top glove is still heavily shorted from 0.65 to 0.89 within 3 days. (net short pos). I suspect this round is short it down (intra day) for big funds to accumulate. Accumulation phase. Kossan seems to be less impacted by this and stable. This low volume pullback is a good sign. Can decide to go back in. Kossan Qtrly should be above average. Good price now, done with Top Glove as too dodgy
1 month ago | Report Abuse
Intra day shorts yesterday19.5 m with RSS 18.2 m. Net short move from 0.65 to 0.68 last 2 days. Be careful, they loaded up to recover (move up ) and short (move down) , to allow big funds to sell...expect more shots to move it back down during their real recovering..from 0.68 net short position to below 0.65. now the intention to see it go down.
1 month ago | Report Abuse
I am done for this round. I don't expect much better news than this that punters can ride on. Have to look at the shorts covering numbers tomorrow to be sure but I decided to take profti near limit up. Good luck to all
1 month ago | Report Abuse
I might be back but believe me , the emotional attachment on trying to hit the highest high makes you take to silly uncalculated risk. Technically overboard and I don't see much better news coming in the next few months. This is unlike the Covid 19 situation where under capacity news and relentless exponential raise in cases allows punters to view it as good news. Anyway punters can make any news good :) . YTLPower is one good example. Trade with care
1 month ago | Report Abuse
I am done. Trade with care. The qtrly report might not overshadow this tariff news rally. Anyway good luck
1 month ago | Report Abuse
Penny stock ; this is the limit up limit. Have not seen this for awhile. Topglove hit it
1 month ago | Report Abuse
Guys I am done. Too old to take too much risk. Good luck with the emotion of when to sell. 50 percent is already way past my target
1 month ago | Report Abuse
Limit up...no regrets is sold early...Can never time the market. Don't wait until the mediocre qtrly report is out.
1 month ago | Report Abuse
Very speculative now...near limit up......
1 month ago | Report Abuse
Can sell near limit up..More than 50% gain within 2 months good enuf :)
1 month ago | Report Abuse
Can sell ...near limit up :)... 50% gain more than enough for today
1 month ago | Report Abuse
Sell at the frenzy.. Rember the qtrly will be disappointing in comparison. Barely breakeven
1 month ago | Report Abuse
Remember this high volume is from the short sellers covering all their shares and be prepare for a sell down , as we know the qtrly report is just so and so, expect Top glove to barely break even or in the red. Trade with care, the short seller will come back soon. Selling is the hardest part.
1 month ago | Report Abuse
KimSua
Trying to digest the 2026 dateline, administration directive is to allow IRS gradual phase in for the industry to react. Bare in mind they can react if industries does not comply and if Trump wins in November he might increase it further to 60 % or threaten to increase it. I think Trump will win in Nov.
1 month ago | Report Abuse
Trying to digest the 2026 dateline, administration directive is to allow IRS gradual phase in for the industry to react. Bare in mind they can react if industries does not comply and if Trump wins in November he might increase it further to 60 % or threaten to increase it
1 month ago | Report Abuse
In stages for supplier to react. Long term 25 percent... Let's see how it goes
1 month ago | Report Abuse
Ya the market has already factor in this much earlier for those who know. I suspect supermax will have a party but this will only reflect on their earnings at least 2 qtrs from now. Easier for US suppliers to switch to Harta. Anyway let's see how it goes
1 month ago | Report Abuse
Good luck to all. Supermax is post to gain the most if the tariff exclusion ends
1 month ago | Report Abuse
Will know by wed morning. Supermax will position to gain the most.
1 month ago | Report Abuse
https://www.reuters.com/world/how-hard-will-new-biden-tariffs-hit-china-2024-05-13/ will know by wed morning
Stock: [KOSSAN]: KOSSAN RUBBER INDUSTRIES BHD
1 week ago | Report Abuse
Quad witching hour this friday. Trade with care, expect high volume surge and violatility due to options expiry.