Get out of there! When it surges like that n unable to hold its ground, it will fall n fall a lot. Ive seen this set up many times.

Clearly this is where they fail. Supermax at 18.80. Top glove at 24.40. Clearly both are running out of greater fools willing to buy. Should you hv jumped in this morning, againsty advice, this is where you get out. Bcause your pain later will be unbearable.

18.42. Top glove has already sunk below its previous peak. Dump lar. You will never see this price again EVER. First time lucky. Second time you will lose a lot.

REALITY CHECK FOR GLOVE GREATER FOOLS

"Glove stocks are trading at historical price earnings (PE) multiple of between 75 time and 170 times at current prices. Among the four glove manufacturers, the stock with the highest PE multiple is Supermax while Kossan Rubber Industries Bhd is at the lowest end at 75 times PE.

If the stocks hit the price targets as set out by the research houses, we are looking at Supermax possibly trading at almost 200 times PE and Top Glove at more than 120 times PE. The mind-boggling valuations are jaw-dropping.."

Glove Mania - Cooking the overcooked

Its not easy to make money in stock market. Many people lose money. When you are skeptical, it keeps on going higher. When you are very confident that it will move higher, it all of a sudden reverses course n cause you to lose money.

Now come to a point when people are very sure it is on its way up n up past 20.00. So what will happen next?. Will mr market give you easy money going forward? The answer is a clear no.

Double top at 17.80 or false intraday breakout above this point n will retreat like no tomolo.

Btw when analysts shifted their TPs higher, 99% they would never be achieved. Proven time n time again.

Stay out if you do not want to get burnt kaw2.

JCY update. Chart does not lie. Just a path to get there is a bit tricky. 0.565 next week, not today. Hold.

Top Glove & Supermax. Both in a bear trap territory. Anything north than 17.50 n 12.52 respectively are bear traps. Grossly overbought, grossly overpriced. In time, you will get trapped there big time. Stay away.

I told u i am a master stock charting. You dont believe me arr. You watch JCY. It will hit 0.565 b4 the day is out.

Just drop by bcause i pitty you guys n gals n help you not to lose big money.

I am masters in stock charting. My chart showing a very bearish posture. Really really very very bearish. Now another big bear trap in progress.

It is in the process of forming a bearish descending triangle with a huge triangle base 16.70 -:12.52. In about 14 trading days it will drop below this 12.52 base n plunge towards 8.30 - 9.30.

Today is your opportunity to exit on strength to escape the coming carnage.

Post removed.Why?

Post removed.Why?

All these shitty news n drama do not matter. All of them are super crazy expensive. I sold all mine n hv no intention whatsoever to buy back.

Big volume on TG at 3.30 pm caused computer to caput

KUALA LUMPUR (July 16): Trading has halted on Bursa Malaysia since 3.30pm today, as the bourse regulator confirms that it has encountered a technical issue.

"Trading on Bursa Malaysia Securities was halted at 3.30pm today, caused by a technical issue. We are currently diagnosing the problem and will communicate with all our participants while we determine the cause and impact," Bursa wrote on its website.

Prior to the announcement, brokers reported that trading platforms were frozen as rumours flew of massive turnover causing a technical glitch at Bursa.

All of them are super expensive. TG issue is just the trigger n an excuse for them to fall big time.

Shanghai dived 4.8%. Dow futures negative. Bad day tomorrow.

You should panic. TG will gap down big time tomorrow. At 19.70 now its well below 20.50 major support established 2 days ago. When the biggest of them all collapse, naturally the others will fall belly up.

2 weeks in stock market term is like an eternity

So that you know TG opening price at 3.30pm matches the deep red intraday low 2 days ago (panic low). Theres a good chance it will sink below this bcause the company said they need 2 weeks to resolve the custom issue. Sinking below 20.50 is a big deal as it is a major support. It will take the entire glove world down with it.

By hook or crook, dump yr supermx now.

You got to be a few steps ahead in this business.

Whats happening is that mad crowd pushed this up to grossly overpriced level. Now some crowd stepping in not realizing that wolves hv been gathering around ready to pounce what was once trading at 1.70 n now being traded at 15.30. The same goes for top glove. Wolves are in the thick of action.

Stay away.

Get out! Meltdown in afternoon trades!

What makes u think the 40 cents gain in supermx can sustain when top glove gave up all its 1.70 gain n now turning red? Supermx will follow suit.

When u hv no patience, you will walk right into a bear trap. A clear cut bear trap for top glove. The same for supermx. It will become very clear soon.

JCY - consolidating above the tall green candle formed 3 days ago > 0.45. In time it will jump past 0.50. Very bullish posture. 0.495/0.50 resistance has been weakened considerably with these volume 0.46 - 0.48 generated this morning. Hold yr horses.

A very bad move going on in top glove. It will drop below 20.50 recent low. Supermx will follow suit. Stay out of supermx.

Added position on jcy @ 0.46..

Supermx - volume has dwindled significantly. Bid n ask volumes are very small. Its not stable. It may dive without warning.

JCY - a clear cut case it will go up.
(1) It does not drop
(2) Volume is very small compared to yesterday. Volume cannot abruptly disappear. Volume will come to the upside
(3) It is a perfect breakout chart with technical target at 0.565

What day is today? 16th july? Well, on 27th july moderna will start vaccine trial on 30,000 (thirty thousands, 3 with 4 zeros) people after a huge success with 45 people. Let me correct myself. These are 30,000 healthy people to gauge that they develop immunity against covid virus.

Guess what? Every other week they will report their progress to mr trumpo n he will keep on tweeting to boast n win election.

Jeng, jeng jeng...all the glove profits will not kill this negative hanging ahead as mr. market is very far sighted; he reacts 6 - 10 mths ahead of time. Jeng, jeng jeng...habis lar. All masuk longkang..

i3lurker. Buy JCY. The chart is a perfect breakout chart. TP 0.565. 0.55/0.56 you sell lah.

I just paint a picture n show how people will get trap when they try their best not to get trapped. This is how it happens again n again. My advice is follow the market. Do not follow yr conviction.

Cure or immunization, dont split hair with me arr

Dont be naive. Analysts follow the market. Not the market follow analysts. They shift their goal post after the market over ran them.

They try on 1000 infected people 80% cured within a week. They try again on 5000 people, 85% cured within 5 days. They monitor side effects for 2 months n deploy them on fast track mode. Those holding supermx will hv their balls shaking n sweating.

You know what phase 3 trial right. Its a vaccine trial on human. They starting this in aug. With trump power anything can happen.

Thats why they call it breaking news. It will catch you with yr pants down.

Fast forward dec 2020. Saturday night breaking news. Vaccine found. The US will start distributing the first batch of this vaccine to frontline workers. Tripple limit down on glove stocks. Every morning key in also not done. Price finally stabilised at 3.50 - 4.50. Gone were the days when people were chasing it like crazy above 10.00. Many got burnt n many are now stuck with some 70% paper losses.

I made rm 9.4 mil here from 1mil investment in 3.5 months.

Fast forward 3.5 months ahead. Share price is trading at 8.50. Why those people who bought at 17.60 have lost 50% of their investment? Do you think they want to get hit like this? No. Its a psychological trap of trading. During the early stage of a pull back from 17.00 ++ they thought that it was just a short consolidation before the price moving higher. They also believed in the narrative that glove companies would be making tons of money well into 2021. Little did they know that they bought at the very peak of the glove covid run. Their mistake was that they did not set a cut loss point at 5 to 7% below their cost which means they should hv cut loss when it dropped to 16.40 - 16.80. You know what they say let yr profit runs, cut yr losses short.

He he...a latecomer asshole glove wannabe starting to go into glove business when superbull glove rally is ending. What a bunch of idiots. Hot hot chicken shit. Avoid this trade if you dont want to lose 70% of your money.

JCY - believe in the power of technical charting.

02 Jan 2020 - peaking at 0.35
19 Mar 2020 - bottoming at 0.135
07 July 2020 - breaking out of 0.35 02 Jan peak
10 July 2020 - returning to 0.35 broken resistance turned support to retest => success

Now on the way up to 0.35 + (0.35 - 0.135) = 0.565.

However skeptical you are, it will get there.

JCY goreng started. Hold. Sell 0.56 after 4 pm or tomolo morning.

JCY 0.565 today after 4 pm or tomolo morning.
Supermx volume is light. Any upward tick will not be sustainable.

I can confirmed now that this jcy shark is playing dead to weaken his namesis on the selling side. Take yr position n wait for him to make his move sometime today or tomolo. You will make 9 cents a piece.

As for supermax clearly its a breakdown across multiple fronts including top glove kossan n harta. Wait to bargain hunt friday at about 1.60 - 2.00 below current price n sell during the last dead cat technical bounce to current price.

OTB greed quietly succumbed to panic selling. Of course lar he wouldnt tell you 1.

Strategy. Returning to train yr main guns at supermax at 13.10 - 13.50. If not today, you will get it friday (t3 for those trapped at 17.50 - 17.80).

Buy jcy. A confirmed breakout. Upward move in progress. Weakening the selling barrier. It will jump after 4 pm today or latest tomolo. Tp 0.565. Sell 0.55 - 0.56.

Good luck.

Jcy on the move. Tp 0.565. Buy now.

Sold all 15.44. Dont like the volume. Dont like top glove deep in red.

Added a few more 15.42

Tp = 15.00 + (16.40 - 14.70) = 16.70

Bought a few 15.30. Chart breakout.

It has evolved into intraday triangle chart. Revised entry price = 15.00 - (16.40 - 14.70) = 13.30. Revise yr buy orders to 13.10 to 13.50.

These series of dead cat bounces with lower highs will give way around 11.00 am n the price will quickly sink below todays low of 14.50 n move even lower than 14.00. Wait.