it is a normal cycle up & down, already at least 3 cycles between 0.19 - 0.275 since mid-May.
this will be the forth cycle.

After hit Jun 19th highest 0.255

lowest per day
Jun 19th = 0.24
Jun 22nd = 0.23
Jun 23rd = 0.22
Jun 24th = 0.215

and the Stochastic Oscillator only drop half-way, shall have more room downward.
the high volume buy Q are fake volume, operator left-right hand buy-sell to press down the price all the way from 0.255 to 0.215.

hope can collect at 0.19 - 0.20 this week.

support SMA 50 currently 0.192.

0.455 support is solid.
tomorrow will rebound after clearing all the "panic sell" today although volume is low and only 4% drop.

obviously operator is pressing down the price to do collection but lack of panic selling volume.

based on the chart, it is at the crossing junction for a rebound,

those contra kaki without holding power chase high last Fri due to positive QR released, will be forced sell this week. It had been down from last Fri highest 0.255 to today's lowest 0.22.

Good QR is for selling, not buying.

the Stochastic Oscillator death cross yesterday and only start to drop today.
buy when Stochastic Oscillator reverse up from bottom instead of buy when it is dropping half way.

All the TA indicators today drop half way, shall have more room downward.
Shall able to reach bottom this week.

Lowest per day :

Jun 19th = 0.24
Jun 22nd = 0.23
Jun 21st = 0.22

operator left hand sell to right hand 96 mil units one transaction at 0.225 to push down the price while retailers keep buying at 0.225.

0.19 - 0.2 will be good to collect.

waiting 0.19/0.20 to collect

Current price traded below all the short & long term moving average lines and all the MA lines are trending down, a super bearish trend :

EMA 200 = 1.023 >
EMA 90 = 1.01 >
EMA 50 = 0.968 >
EMA 30 = 0.941 >
EMA 20 = 0.926 >
EMA 10 = 0.907 >
EMA 5 = 0.9 >
today's closing = 0.895

All the TAs indicators start to reverse down today after last week hit highest 0.255.

Stochastic Oscillator and OBV death cross today.
The interval to trend down from highest to lowest takes about a week.

it may retest the support 0.19 within a week.

beware that the stochastic oscillator just having death cross this morning, a bearish trend.

guys, based on the trend chart :

short term (bearish）: it may trend down next week, strong support at 0.19 (SMA 50 & 90). resistance SMA 200 at 0.29. most likely will be thru & forte at this range for time-being.

mid-long term : once SMA 50 (0.19, currently moving up 0.003/day) cross above SMA 200 (0.29, currently moving down 0.001/day), it will truly fly and surface its real value.

@ NorthStar, good correction, haha !!

we are buying AT because of it give opportunities to ride with the goreng chance & rocket time.

@ Nightfly, totally agreed.

we are buying at 0.0x, 0.1x at the beginning of the journey vs. other glove company started to drop from the sky high price.

this week share price rebound from 0.19 to 0.255 (about +34% already).
next week most likely will trend down again.

reference to past one month's trend :

May 19th highest 0.27
May 22nd lowest 0.20 (Interval 3 days from highest to lowest)

Jun 3rd highest 0.275
Jun 15th lowest 0.19 (interval 7 days from highest to lowest)

Jun 19th highest 0.255
next is further up or a correction ?

only once SMA 50 cross above SMA 200, KNM can truly surge (unless there is constant project awarding news to boost up the price which is an exception), else it will consolidate for time being between 0.19 - 0.29 which is a good opportunity to buy low sell high, 2 cycles a month.

Guys, there are several positive long term MAs crossover this month :

1) June 4th = SMA 50 cross above SMA 90 => bullish mode.
2) Jun 12th = SMA 50 cross above SMA 200 => golden cross.
3) SMA 90 going to cross over SMA 200 next week, all long term MA lines are moving upward, whereby SMA 90 move up faster then SMA 200.

TAs indicators also start to reverse up as of Friday.

The market's current biggest fear and uncertainty is COVID-19 2nd wave.
What AT recently planning is to expand its business portfolio into gloves, ventilators, disinfectant chambers which target to fight 2nd wave outbreak this year. The recent business decision is a right move at the right timing for the right product mixed, and once the acquisition done, it is the lowest price glove company in Malaysia at 0.1x.

@ geb10837, it already stated clearly in the press.

1) AT intended to acquire Pearl Glove.
2) It subject to due diligence, regulatory and shareholder approval (which takes about 30 days from the date AT signed the letter of intend with Pearl Glove which was last week).
3) AT formed a subsidiary AT Glove Engineering this week for the acquisition.
4) Post acquisition, AT plan to inject capital to manufacturer medical examination glove
5) AT target to supply for the 2nd wave of COVID-19 outbreak for winter this year
6) Intend means the start of the activity as of last week. Done deal means 30 days after letter of intend signed subject to due diligence, regulatory and shareholder approval.

@ Stockiss, good information.

AT is expanding its business portfolio at the right timing.
Currently the biggest fear & uncertainty is the 2nd wave outbreak and all the current plan of AT is direct relevant to Covid-19 :

1) Acquisition of Pearl Glove, with plan to inject capital to produce medical examination glove for second wave outbreak.

2) Joined forces with US based company to produce medical-grade mechanical air ventilators to take advantage of the worldwide shortage of the product during the outbreak.

3) Build disinfectant chambers to fight Covid-19.

with the price correction done this week and reversal of trend since yesterday, hope it fly to retest 0.2 resistance next week.

looks like the positive momentum is back with volume top # 5 in Bursa.
yesterday cleared 0.125.
today cleared 0.13, 0.135 and after 4:50pm, not many ppl willing to sell at 0.135.

this week shall already done the FS.
hope second wave continue moving next week.

this is the fifth quarter KNM announced good QR but next working day not flying.

it may consolidate between SMA 200 (0.29) & SMA 50 (0.19) for time-being until SMA 50 cross above SMA 200.

KNM mainly surge based on constant news for new project award, instead of good QR.

yesterday the operator collecting 0.125 (small volume as FS volume not much).
today collecting 0.13/0.135 with higher volume (top# 6 in Bursa).

seems second wave is coming

it had been the same trend for past 4 Q after positive result posted.
KNM normally surge for project rewards instead of good QR released.
Lets monitor today's closing. If closing +/- 0.25 without surge, most likely next week will trend down again.

buy rate now drop to 31%

the buy rate so far is 42%, many start taking profits

welcome Mabel, hope it fly tomorrow !!!

Let see tomorrow if SMA 200 (currently 0.29) resistance can be breakthrough this round, if yes, then it will fly to above 0.3.

If by tomorrow closing price still below 0.29, most likely the consolidation between 0.2 - 0.29 continue until SMA 50 (currently 0.186) cross above SMA 200 (0.29).

I reviewed past 4 Q, after positive result announced, next day share price as below :

May 23rd Q1 announced after closing = closing price 0.19.
Next day May 28th = highest 0.205, closing 0.2 (up 0.01).

Note : The surge was Jun 28th, one month after result announced.

Aug 29th Q2 announced after closing = closing price 0.39.
Next day Aug 30th = highest 0.39, closing 0.38 (drop 0.01).

Note : The surge was Oct 15th, 1.5 month after result announced.

Nov 27th Q3 announced after closing = closing price 0.385.
Next day Nov 28th = highest 0.395, closing 0.365 (drop 0.02).

Note : Nov start for the downtrend until Mar.

Feb 25th Q4 announced after closing = closing price 0.265.
Next day Feb 26th = highest 0.28, closing 0.265 (flat).

Note : start to drop from 0.265 to Mar 0.085.

Hopefully this round with much better result + oil rebound, KNM can start the journey to north.

It had been long consolidation between 0.19 - 0.275, waiting for the result.

Resistance SMA 200 = 0.29.
Only if SMA 200 breakthrough, then only KNM can fly, else may continue the consolidation between 0.2 - 0.29.

Today SMA 50 cross above SMA 90 = first golden cross at 0.186 = solid support at this level.

A perfect storm gradually forming :

EMA 200 = 1.028 >
EMA 90 = 1.02 >
EMA 50 = 0.98 >
EMA 30 = 0.954 >
EMA 20 = 0.929 >
EMA 10 = 0.919 >
EMA 5 = 0.911

the NOSH is only 1490M.
today half day already 401M, nearly 30% of share traded within few hours.

if major shareholders did not sell, + someone is picking up such huge volume & controlling the price, it may retest 0.20 once the accumulation done.

Mak holding 23.4%
Fintec holding 28.29%

These 2 major shareholders hold 51.69%.
as long this 2 don't dispose, plus constant good news release, 0.2 resistance shall be retested.

Today's volume may break record, half day already 401M.

0.15 resistance already breakthrough few rounds already.

DJ future up almost 500

0.14
bought 7M
sold 2M

0.145
bought 74M
sold 34M

0.15
bought 68M
sold 16M

0.155
bought 98M
sold 30M

0.16
bought 53M
sold 1M

as long major shareholders not disposing share, AT will retest 0.2 with continue announcement of good news.

guys, just beware that the TA indicators are bearish :

MACD death cross since Jun 10th & moving south.
Stochastic Oscillator death cross since Jun 5th & moving south.
EMA 5 going to cross below EMA 20 today and both MA lines are moving south.

Based on the latest announcement :

1) New subsidiary : AT Glove Engineering Sdn Bhd.
2) manufacture and sale of gloves including medical gloves

seems AT is serious for the acquisition of Pearl Glove and it emphasis going to produce medical gloves (not only industrial glove).

Dow Jones down is mainly due to fear of second wave outbreak, what AT recently invest is mainly focus on healthcare products to fight with the outbreak which is just in time.

I agreed with nightfly.
it will restest 0.20 & above.

AT invested recently in glove, ventilators, disinfectant chambers just to goreng stock from 0.0x to 0.1x for days & week ??

or they want to take advantage of the current pandemic situation to transform their businesses for long term ? Health care business will be the key focus especially second wave outbreak is coming by winter 2020. we just need to ride with the trend.

we are buying for the prospect and future plans of AT :

1) Acquisition of Pearl Glove, with plan to inject capital to produce medical examination glove for second wave outbreak.

2) Joined forces with US based company to produce medical-grade mechanical air ventilators to take advantage of the worldwide shortage of the product.

3) Build disinfectant chambers to fight Covid-19.

Agreed with @nightfly.

0.145
bought vol = 159M
sold vol = 85M

0.15
bought vol = 85M
sold vol = 18M

yesterday was a good correction (due to DJ drop 1800) to force sell weak holders with 429M vol. Someone have to pick up the huge vol at 0.145/0.15 (top vol in Bursa) and major shareholders did not sell.

hope Mon rebound with a fresh start (DJ up again 477) to retest 0.2 resistance.
the chart still look bullish.

EMA 5 today cross below EMA 20 => bearish mode.

All TAs indicators continue move towards south after death cross.

anyway, in order to raise fund for the acquisition, first thing first is to push up the share price.

yes, but now more ppl take the opportunity to buy low from 0.13 to 0.15, buy rate now 78%.

Buy rate 77%

2nd wave means :

1) Glove demand continue, it is a right move for AT to acquire Pearl glove at the right time with plan to produce medical examination glove.

2) Ventilators demand continue, AT in partnership to produce ventilators will be in time for the 2nd wave.

3) Shall the major shareholders not disposing stock even yesterday surge to 0.195, the TP shall be more then 0.2.

market react to DJ last night down, give opportunity to buy low again.

Pearl Glove produce industrial gloves, in the press, ATS already stated clearly as below for its intention to manufacture medical examination gloves :

ATS see this move as a logical expansion in the current environment of burgeoning demand for
gloves and will seek to inject further capital and expertise to manufacture medical examination
nitrile gloves to boost Pearl Glove’s capacity and product suite, post its acquisition.

first resistance 0.095 breakthrough last Thur.
second resistance 0.12 breakthrough Wed.
third resistance 0.15 breakthrough yesterday.

next 2 resistance 0.2, 0.23 hope to break within a week.

today SMA 50 cross over SMA 200 => a golden cross.

hope it break next 2 resistances 0.2, 0.23 within a week with current positive momentum.

if major shareholders did not dispose any share yesterday even surge to highest 0.195, the TP shall aim higher.

yup, agree with BlowWater99.

the TA indicators are all towards south and not yet reach the bottom.

stochastic oscillator is dropping half way.
MACD after death cross yesterday, still at very initial stage of moving south.

it is too early to buy. wait for the reversal from bottom then only enter.

looks like it will reach 0.4 ~ 0.6 level before it rebound.