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2020-03-27 12:23 | Report Abuse
Glove counters already proven during the outbreak period (Jan 21st to now), any corrections price still trade above the price of Jan 20th. Other counters already dropped half from Jan 20th to Mar.
Most of the non-glove counters will resume downtrend next week due to profit taking, cut lose after most of the "good news" release this week with rebound.
Glove counters shall have a normal healthy correction as well before flying higher high.
2020-03-27 12:08 | Report Abuse
guys, don't chase high over RM 1. The trend chart is showing a downtrend again next week.
sell first and buy back from bottom.
2020-03-27 12:02 | Report Abuse
It looks more like the big fish is slowly releasing stocks at 1.67.
2020-03-27 11:34 | Report Abuse
Think positively, we just ride with trend. Up (sell) => correction (buy back) => Fly will gain more.
2020-03-27 11:29 | Report Abuse
The good news, SMAX current price already breakthrough all the SMA (2 days - 200 days), it avoid the risk of traded below SMA 200 (where people lose confidence and started to cut lose as what happened in past 2 weeks) and the current price resume the uptrend.
The bad news, the volume may not be sustainable to break higher high and may have correction next week again.
There will be a one last golden cross pending for SMA 90 (1.515) to cross over > SMA 200 (1.545).
Once this crossover done, only then SMAX can truly fly.
Currently SMA 200 (1.545) > SMA 90 (1.515).
2020-03-27 11:18 | Report Abuse
A lot of counters that "rebound" this week will trend downward again start from next week.
All the good news out by this week and people chasing high, expect heavy profit taking / cut lose / margin call next week.
2020-03-27 11:12 | Report Abuse
It need at least 30M to gap up.
Now only 4.6M, consider normal volume only.
Take note that next week will have correction again. The rebound will not last long.
2020-03-27 11:04 | Report Abuse
It will means we need to support glove to save more lives.
2020-03-27 11:01 | Report Abuse
Patience win the battle !!
2020-03-27 10:55 | Report Abuse
Those who panic sold at 1.3x, 1.4x, 1.5x past 1 - 2 weeks shall be regret by now.
2020-03-27 10:46 | Report Abuse
without IDSS influence the price, KNM stagnant as well.
2020-03-27 10:43 | Report Abuse
Kossan during correction price was the last to move down, rebound also the last to move up.
The only issue is EPF cash out when price moving up.
2020-03-27 10:30 | Report Abuse
If today's closing also 0.11, expect next week will trend downward again.
Seller is taking control for consecutive past 3 days to close at 0.11.
2020-03-27 09:21 | Report Abuse
Good Jobs Newplayer286 !!
2020-03-27 09:05 | Report Abuse
Supermax had breakthrough all the short & long term moving averages at highest 1.66 within 5 minutes after opening.
2020-03-27 08:15 | Report Abuse
Harta perhaps is the only stock in Bursa able to break the ceiling of higher high overtime during outbreak period.
Expect a healthy correction before surge to the new high (> RM 7).
2020-03-27 08:04 | Report Abuse
Harta : after reached RM 7 (highest this week), expected to have a healthy correction next few days before surge to next level (> RM 7). It break higher high overtime since Dec'19 to Mar'20. The only stock in Bursa able to break the ceiling in March.
TG : Had been stagnant at +/- RM 6.2. May have correction next few days if no good news to stimulate the price.
Kossan : Slowly up-trending.
SMAX : Up-trending continue. Intra-day fluctuation (thru & forte) is normal. Current resistance RM 1.62.
2020-03-27 07:46 | Report Abuse
Now The World’s Hospitals Are Running Out of Vital Rubber Gloves
Malaysia has restricted movement across the country and ordered many businesses to shut while requiring others to keep as many workers home as possible to curb the spread of the pathogen. Most glovemakers have received an exemption to staff their factories at just 50%, with some of the companies planning to meet with a top trade ministry official on Thursday to seek approval to operate with a full workforce, according to the Malaysian Rubber Glove Manufacturers Association.
Governments across the world are desperately trying to acquire and stockpile critical medical supplies such as masks, ventilators and gowns as frontline doctors and nurses face shortages. That’s forcing many of the biggest makers to run factories around the clock to meet demand. Malaysia’s glovemakers, however, are having to curb output as the country fights a second wave of coronavirus infections.
“Today’s demand is abnormal. Hospitals are running out of gloves,” said Denis Low, president of the glovemakers’ association in a phone interview Thursday. “We are not able to supply the quantity that we want. It’s not our choice.”
2020-03-27 07:41 | Report Abuse
DJ closing +1351.62, +6.38%.
Supermax shall able to trend higher before the next correction.
2020-03-27 07:37 | Report Abuse
DJ actual +1351.62, +6.38%.
Future -47, -0.21%.
2020-03-26 20:31 | Report Abuse
yes, we stay very calm to wait for < 0.10.
2020-03-26 20:24 | Report Abuse
A wave of layoffs has gripped the American economy in the past week as bars, restaurants and shops shut down across the country, part of unprecedented efforts to control the spread of the coronavirus and keep health care systems afloat.
The question now is just how many people have been hit, with more job losses expected in the days and weeks to come.
It's bad: Based on state data, Morgan Stanley thinks the US government could announce Thursday that 3.4 million people filed for their first week of unemployment benefits last week. That's five times the previous record set in 1982.
2020-03-26 20:21 | Report Abuse
DJ future : -309, -1.47%
Oil : 23.65, -3.43%
2020-03-26 20:11 | Report Abuse
DJ Future -309, 1.47%.
It already became a norm for Dow Jones to up/down +/- 1000 to 2000 points a day. few hundreds points consider minor fluctuation.
2020-03-26 19:54 | Report Abuse
It looks more like big fish releasing stock at 1.58/1.57 today and intend to collect back low tomorrow again (which is the repeated tactic for past one week). The high volume transactions at 1.58/1.57 gave impression of high demand and postive momentum.
Anyway base on the trend chart, it is an uptrend.
Today closing breakthrough SMA 200 and SMA 90 with all TA indicators moving upward.
Current resistance shall be SMA 50 at 1.62.
2020-03-26 14:23 | Report Abuse
@ pang72, agreed.
Before the outbreak, by Jan 20th the lowest was 1.29.
During the outbreak period, supermax traded highest 1.93, lowest 1.30.
Other counters (non-Glove) mostly already drop half.
2020-03-26 13:26 | Report Abuse
Correction is an opportunity to buy low, but people fear to buy when price was low.
2020-03-26 12:44 | Report Abuse
Those who have patience win the battle.
2020-03-26 12:09 | Report Abuse
All the indicators are reversing from bottom.
Shall be Supermax turn.
2020-03-25 21:03 | Report Abuse
need to slowly accumulate when touch 0.085 again.
when price < 0.10, every 0.01 rebound is > 10%, too attractive to be ignore, and with low cost.
2020-03-25 20:53 | Report Abuse
Lawmakers in Washington have reached an agreement on a sweeping $2 trillion economic stimulus package that will help support companies and workers harmed by the coronavirus pandemic.
2020-03-25 20:50 | Report Abuse
DJ Future = +12, +0.06%
Oil = 23.31, -2.92%
2020-03-25 11:48 | Report Abuse
Already reach the peak this round, going to have correction next few days.
However in long term it is trending higher high since Dec.
2020-03-25 08:44 | Report Abuse
DJ last night up +2112.98, +11.37%
Oil 24.74 +3.04%
2020-03-25 08:42 | Report Abuse
Today's opening shall be 0.12.
0.085 => 0.12 = 41% really attractive.
2020-03-25 08:30 | Report Abuse
guys, the TA indicators started improving after yesterday's closing vs. Mar 19th (bottom).
seems 0.085 is the bottom this round, 0.10 the psychological support.
2020-03-24 10:38 | Report Abuse
with no IDSS's influence :
At 0.11
Seller actual sold 7.9 mil units > Buyer actual bought 5.6 mil units
2020-03-24 07:56 | Report Abuse
From 0.10 to 0.05, the potential risk is -50% downward.
From 0.10 to 0.40, the potential return is +300%.
2020-03-24 07:52 | Report Abuse
DOw Jones Future = +370, +2%.
Oil = 24.48, +4.79%
2020-03-24 07:51 | Report Abuse
The only Indicator that is positive : MACD start to reverse from bottom.
0.10 shall be the psychological support level.
There is no sign that it will rebound from current level.
Lets monitor without IDSS, whether it still moving south or will consolidate & form a base at 0.10.
One cent up/down = +/- 10% which is attractive.
2020-03-23 16:55 | Report Abuse
Lowest price per day :
Feb 20th = 1.51
Feb 21st = 1.51
Feb 24th = 1.42
Feb 25th = 1.4
Feb 26th = 1.44
Feb 27th = 1.37
Feb 28th = 1.18
Mar 2nd = 1.19
Mar 3rd = 1.25
Mar 4th = 1.23
Mar 5th = 1.26
Mar 6th = 1.21
Mar 9th = 0.96
Mar 10th = 0.96
Mar 11th = 1.04
Mar 12th = 0.865
Mar 13th = 0.69
Mar 16th = 0.695
Mar 17th = 0.62
Mar 18th = 0.675
Mar 19th = 0.66
Mar 20th = 0.7
Mar 23rd = 0.665
2020-03-23 16:48 | Report Abuse
Global markets struggle as US coronavirus bill stalls and cities worldwide lock down
Mar 23 3:35am:
Dow futures fell 5%, hitting the "limit down" maximum allowable limit and halting futures from falling further within minutes after futures trading began Sunday.
2020-03-23 13:52 | Report Abuse
@ Aseng, thx for making a trial, appreciate. Lets monitor and see whether we can identify a methodology to make money thru hit & run in current market condition which is full of uncertainty, volatile and with high risk.
I believe 98% of ppl are making lose so far (accumulatively) and how to be the 2% exception.
2020-03-23 12:39 | Report Abuse
@ Aseng, my only objective is to make money only. That's why I am observing & learning how to gain thru hit & run during bad market situations.
2020-03-23 12:29 | Report Abuse
@ Aseng, I have no objection for your opinions.
The example of 0.5 & 1.5 is just an example, I never go for TP in reality, when to buy & when to sell depends on the TA trend (for your point # 3).
What I wanted to justify here is the hit & run vs. risk only whether it will actually end up making lose or gain.
Maybe you can try and share so that we can learn from you as I do not have hit & run skill.
2020-03-23 12:14 | Report Abuse
yes, I think everyone believe stock market will rebound one day, that's why we are here waiting for opportunity.
what make the difference is when is the good entry point & exit point to minimize risk.
2020-03-23 11:54 | Report Abuse
@ Aseng, maybe you try hit and run today, and share to us the result ?
Stock: [JAKS]: JAKS RESOURCES BERHAD
2020-03-27 12:39 | Report Abuse
@ Aseng, sorry focus on Glove's rally close to 30% within one week+, long time did not come. How is the Hit and Run business so far, making good profits ?