Homily chart shows some funds and hot money selling and moving out from this counter and top glove also. Take care. U can derive homily chart from net.

Since u still dreaming, let time and the market to present for u whether your dream will be reality or not. Wait to see it. Good luck.

Because local funds holding a lot of glove stocks since last year they are selling to reduce their holding not going to buy anymore, even some local funds together with many retailers have been trapped in it since last year waiting to sell release. Most retailers now just see don't buy may be lack of bullets or no confidence scared of losing money and being trapped, even some buy also wait to collect low don't chase high.

Thus with high high selling pressure from funds and the trapped ones and weak buying force, how can the price of glove counters rocket high now? All glove stocks including supermx would be stagnant bearish can't go up much or even further drop due to lack of buying from local funds and no more chase high by retailers. The last year glove stocks mania and hype already ended won't recur anymore until next new pandemic come.

Some forreign hot money funds just come in shortly to speculate for short-term quick profit only they would move out after selling off. They might be selling to all waterfish now that u not realise. It seems price can't go up much even with the speculation by forreign hot money funds. Really hopeless.

Someones here say company should have bonus issue of shares or bonus issue of warrants, u think who are u? U are only the minor stock holders not the company directors no power and no right to decide on any bonus issue. This show that u are living in dream and imagination day and night for this and that.

It seems u are very happy to see the covid cases increase cos u think the increase of covid cases will help to attract people to chase buy glove stocks to push up the price for u to sell and release. I think u would be disappointed and unhappy later as u see the covid cases increase doesn't work to push up much the stock price. People now scared of being trapped and losing money no more chase high to buy and high selling pressure from many trapped ones waiting to release at the upper floor. Thus glove stock price is difficult to climb up even the covid cases increase.

ProperousRealm, whether this counter will crash further or not just let the time and the market to present it. Nobody knows. As I said anything can happen in stock market. Just take care of it.

Pang 72, How do u know other counters will crash and glove counters will not crash further? Anything can happen in stock market and usually it can happen differently or even opposite from What u think. Every investor has own thinking, perception and analysis about the stock market which is different from each another. Not all the investors have the same perception agree with u. No need to promote your perception so hard here. Just think for yourself how to release yourself from being trapped in this counter. Since u have been promoting this counter so hard here, I think u have been trapped a lot at high floor in counter. Take care.

To be more realistic and objective thinking and analysis for stock investment that only can have better chance to beat the market. Don't always remain in dreaming and making own assumptions about this and that. The things usually develop not like what u think and what u want.

Forreign hot money funds are smarter than retailers, when they buying u won't know and when they selling u also won't know. When u get to know from the issued data they might have already bought and sell to u or even already sold moved out. It's usually too late for u to know from the issued data. Otherwise how they make money from stock market if let u know everything in advance.

Forreign funds can be only the hot money in and out frequently they might come in shortly just for one or two weeks to speculate make quick money then they move out left only the trapped retailers holding their thrown tickets and the stock price drops again to almost the same level or even lower.
The report about flow of funds in stock market is on weekly basis subject to change, this week u see the fund in then next week u might see the fund out, the short term forreign hot money usually not long term and not permanently hold the particular counter, they just come in to speculate for short-term quick profit only.

If the world is under pressure in panic and fear, all the glove counters should have limit up but now only up little and be volatile for short-term speculation. It seems the world not in fear and no panic still steady. The up of glove counters now might be temporary only due to short term speculation by some forreign hot money which is selling now for taking profit cos it is shown reducing in homily chart.

I have earned almost $40k from the recent short play of 50k supermx shares bought at $4 and then sold at $4.80

Whether it will further drop again just see the market nobody knows. The posted video is the analysis and view of somebody not my. I just to share out here only. It's up to u to believe or not. Everything just let the time and the market to present and verify.

Glove stocks price might be further drop.
Watch the following to understand the glove stock price drop:

https://youtu.be/gF0OEsaao-w

Last year situation is different from now. Last year when pandemic started no vaccines yet, all funds, big players and hot money moved out from other counters focused to push up the glove counters led to its super bull that was seen by all other counters dropped to their bottom except glove counters all up to its peak at beginning of last year. Furthermore people know nothing about the pandemic and MCO 1.0 all were fear when it started last year. During MCO 1.0 last year all investors stayed at home no work and nothing to do thus concentrated in glove stock speculation. High speculation by funds, big players and hot money concentrated in glove counters last year. No warrants expire yet and no manipulation by ibs yet, No RSS yet in last year.

This year now is different with warrants pending to expire, manipulation by ibs, RSS in glove counters, vaccines available to control the pandemic, people know much about the virus, pandemic and MCO no more fear, people work as usual even with MCO not much time to focus on stock speculation, economy start to recover soon. Funds, big players and hot money no more focus on glove counters they moved out to spread on other counters with other play themes like tech stocks, oil & gas and recovery stocks. After its bull since last year many retailers now already trapped and waiting to release at its upper part thus high selling pressure as resistance in glove counters now that is different and never appeared in last year bull. Investors now wait to buy low don't chase high not like last year bull many chased high to buy. Many retailers now already trapped in it lack of bullets to buy more again not like last year all have many bullets for fresh buy.

Thus glove stocks now in this year can't go up much and can't rocket high like last year bull cos different situations exist.

At this peak time now with all the favourable news of high glove demand, high ASP and company high profit the price also can't go up rocket high. I don't think it can go up rocket high also after one year later in future in which no more these favourable news to support. Thus I just do short term play no intention to hold for long term.

Yes I bought some at around $4 but already sold out at $4.80 made some profit for short-term play I no intention to hold for long term.

U mistaken already I don't have any Air Asia stock too.

So far I don't have any glove stocks thus I am not nervous and no worries at all. I am here just to share my view.

I did'nt say it can't go up to $5. I only said it is difficult and has big challenge go up to $5 or $6.

Yes it touched $5 just for a very little while but can it steadyly stand at $5?

Within one year time from now still have the favourable news or factors like company high profit, high glove demand and high ASP to support it, if the price still can't go up rocket high above $6 upon these factors, it should be no more chance to go up high again after one year cos the oversupply of gloves, gradual decline of glove demand, decline of ASP and company profit for normalization would take place later that would be no more these favourable news of factors to support it.

After one year time later when everything declined and normalized no more favorable news already, most likely it will only stand around $4 to $5 plus. Thus those trapped at high floor above $6 might have to hold it for long long time number of years may be until next new pandemic come to release. This is what u always say as long term investment which trapped at high cost suffering substantial paper loss cos stock price can't go up high again in future.

Why so happy and satisfied with only 9 cents up today or only around 20 cents increase in these few days. This is only minor technical rebound, it still long-term down trend. It might drop back later cos high selling pressure from those trapped ones at its upper part.

How do u know the price can go up to $6.80 in June? Can u push it up?

There is no data available whether any forreign funds accumulate buying supermx now u never know, only guessing for self condolences and it might be JPM shorties to buy back slowly without pushing up the price to cover its short position only.

Supermx is to be kicked out from klse index composite soon in coming review. The forreign funds won't buy supermx since no more included in the index soon, they rather buy topglove and hartalega which are still in the index if they want to buy.

Because the local ibs like CIMB and AffinHwang intend to sell their glove stocks holding, they released news about glove stocks undervalued for buy call via media to attract retailers to buy their thrown tickets.

If really other forreign funds to buy in, with their large amount of funds put in the price should have shoot up much already and able to stand high not like now up little then drop back again.

The forreign funds as said to buy glove counters might be JPM shorties to buy back slowly without pushing up the price to cover its short position that won't help to push up the price.

Since the price already dropped to very low level and high selling pressure from those trapped ones waiting to sell at its upper part, it's difficult to climb up much without the participation of funds, big players and hot money to speculate and push it. Most likely all the glove counters including supermx would continue to consolidate stagnant with minor rebounds in between at its low level.

Most of the local funds already have large holding of glove stocks since last year or before, they won't buy anymore to increase their glove stocks holding, conversely even some local funds are selling to reduce their glove stocks holding now. Forreign funds now are also selling their stocks holding to exit from Bursa they also won't buy glove counters now. Most of the retailers have been trapped in glove counters and keep on buying for average down all the way from $12 last year to $4 now that many of them already no more or lack of bullets to buy again. Thus the retailers buying force is weak unable to push up the price.

Furthermore RSS still continue in glove counters to press down the price that many investors dare not touch it now. Some more cash warrants attached to glove counters pending to expire that will be manipulated by ibs to press down the price too.

With all the above stated, how far glove stocks including supermx price can go up?

Stock market function not only based on figure calculation or projection of FA, it also need to see TA, market sentiments, market trend, flow of funds and hot money that many of u here neglected.

Don't think $11, even go up to $5 or $6 is also big challenge that needs the participation of funds, big players and hot money to speculate it. Otherwise it can't go up much with only the retailers buying.

Someone here still dreaming for high target price $11. It's ridiculous and unrealistic. Since the price already dropped to very low level now and high selling pressure from those trapped ones waiting to release at its upper part, how the price can go up by almost 300%. Don't be small boy thinking.

Who's going to push it to the said target price $11 ? If no ones push, how it can go up almost 300% from $3.94 now to $11 ?

One day show only for technical rebound, tomorrow will drop again.

Glove oversupply would outstrip the demand for gloves cause ASP and company profit to drop later. QR is no more stimulus cos within people expectation its price can't go up much.

With high selling pressure from the trapped ones who are waiting to release at its upper part, it's difficult to climb up much, now only the minor technical rebound for short-term play, it might drop back later, don't put so much hope.

If want it to turn bullish must have favourable factors to attract funds, big players and hot money come back to goreng and support it. Any factors u think are favourable to glove counters that can lead it to bullish?

Company is cash rich and super profit but its minor stock holders are trapped suffering huge paper loss getting little dividend, feel desperate have to hold it as long term investment at high cost for long long time may be until next new pandemic come only can release.
Ask yourself, Why trapped money in it even is cash rich but it doesn't benefit u and made u suffering huge paper loss?

Have to wait until next new pandemic come, supermx will climb up again.

How low the glove counters price will drop depend on any more bad news on it like WHO announcement about the pandemic under control or over later, the obvious sign or data of glove demand drop, glove oversuply, decline of ASP and company profit. These news would have negative impacts and pressure for its price to drop lower. Thus, it's difficult to predict its bottom. Like when it stood slightly above $4 u see it as bottom but it's not as below $4 now.

All glove counters including supermx can't go up much now mainly because of the uncertainty about post-pendemic glove demand and supply, ASP and company profit. Stock market is always forward looking, glove stocks price drop cos market foresee gloves oversupply and the glove demand, ASP and company profit would decline post-pandemic.

After dropped to low level, it most likely consolidate and stagnant with minor technical rebounds in between for long long time may be number of years to wait for its uncertainty to become clear and some other issues favourable to glove counters raised to attract funds, big players and hot money come back for speculation lead to its next up trend again. This would need long time and patience to wait.

Stock market function not only based on figure calculation or projection or FA of company. It also rely on TA include the market sentiments, market trend and the involment of funds, big players and hot money for speculation. Without their involment and speculation to push up the price, it can't go up much even how good the FA of company.

Any solid and sound factors can lead stock price go up >50% from $3.95 now to $6.50 by mid of the year? The price only can big jump with strong favourable factors to support it otherwise it would just consolidate and stagnant with minor rebounds in between at the low level cos high selling pressure from those trapped at its upper side waiting to release. Excellent quarter result already known and over looked and within the expectation of investors can't stimulate the price to go up much. It needs other strong and sound favourable factor to stimulate the price, any?

No up trend yet, still long term down trend with minor technical rebounds, previous support level $4 now become immediate resistance level. With all the bad news surrounding glove counters now, how to have up trend.

I will only consider to invest glove counters for long-term when the uncertainty of glove demand and supply, ASP and company profit post-pandemic become clear since at this moment its market price slim chance to go up much still in down trend dropping can't reflect its true value of post-pandemic. I am a bottom fishing investor may consider it when nearing to its bottom that should exist post-pendemic.

Valuations on glove stocks now doesn't work to reflect in its market price as long as the pandemic yet to be under control or over because of the uncertainty what will happen on glove demand, ASP and company profit post-pandemic. These uncertainty make most investors wait to see and dare not buy it. Only when these uncertainty is clear post-pandemic that would reflect the stock valuation on its market price. That means only the post-pandemic market price would really tell its true valuation. Be patient wait to see it.

Keep on talking about vaccines ineffective and the worse of covid cases give people impression that glove counters like supermx must rely on pandemic to sustain. It can only sustain with virus and pandemic, and can't sustain without pandemic.

This shows that glove counters like supermx are pandemic related stocks only can have up trend and bull with pandemic, and it would be down trend bearish without pandemic. Is it?

Keep on talking about vaccines ineffective and the worse of covid cases just for self condolence and building up self confidence of continue holding the stock because trapped. U hope the vaccines ineffective and covid cases keep on rising that pandemic can't be controlled to push up the demand for gloves. U think with the ongoing high demand for gloves will help to push up the stock price for u to release from trap.

U would be disappointed with such thinking cos it's hopeless. The more u talk about vaccines ineffective and worse covid cases the lower the stock price drops cos u have been talking on it since the stock price dropped from $12 in last year until now around $3.80 still keep on talking on it.

Once the stock price dropped to very low level or its bottom usually is difficult to go up much again in short term, it most likely consolidate and stagnant for a long long time at its low level then slowly rebound little by little. Because many trapped cause high selling pressure at its upper part to press down the price.

Like at the price $3.80 would take a very long time go up back to $5 upon certain issues raised favourable to glove counters. Thus those trapped above $5 might have to hold even longer time number of years don't know when to recover.

Anaconder, below $4 is not a dream now, even can go lower later.

Posted by Anaconder > Mar 19, 2021 11:04 AM | Report Abuse

For those waiting to buy below RM4 I think u can get but in your dream loh!

Like someone here has said can eat and can sleep when he made a big buy at around $5 plus to average down but it seems now still can't eat and can't sleep as price already down to below $4 and possible further down again.