But you see intco medical china still performed well. Malaysia market was badly damaged by social media. ( The edge, AEC, focus malaysia ). They are not protecting malaysia stocks but keep pressing down glove manufacturers !
The morning session is shaking out weak holders. With the small volume traded i guess panic retailers have thrown in the towels. Because the lots done are in lots of 1 to 5. Only retailers trade in 1 to 5 lots. I believe today could be the very last day for retail selling.
All i can see is operators are quietly making their move collecting amid margin call/cut loss from retailers. By pushing prices up and down for the past few days within a price range of 0.20 cents, retailers got frustrated. Especially for the past 2 days where they push prices up in the morning and push it down in the afternoon. Hence, frustrated retailers who are in for quick bucks got burnt multiple times. But today it's different, there are some invincible hands supporting this stock especially in the 1.50 range.
All the glove stocks should stage a rebound due to the fact that GLOVE STOCKS are OVERSOLD. Don't believe those naysayers who predict this stock is going back to 3.50, 2.50, 1.50 and 1.00. They are what they are Naysayers. Talk without brains and solid TA or FA. It is already a know fact that glove orders are already fulfilled in the next forward 4 quarters. If they are cancelled a penalty of up to 50% is imposed. Whatever it is Carepls is going to gain handsomely whether the orders are fulfilled.
Thus, with all these facts, you can close one eye and invest. Not short term or contra but medium (1-2 months) or long term (2 months or more). Now that the fear of every f**king thing is happening now to glove stocks. Vaccine roll out, reducing ASP, disappearing orders, competition from neighboring countries and China and so on. I will say that this is all temporary as glove investors has been battered with huge losses. Once the glove sector starts recovering you will see all those suckers/losers will come back in. Glove fever will replay again. I can foresee a rebound of 30-50% in coming weeks.
The uptrend should start as early as this afternoon session
1.51 - 1.5 - 1.51 - 1.52 - 1.51 - 1.5 -1.51...whats happening? who is controlling this? why is it nt going below 1.5? whatever it is...just hold la...afterall bursa has became a gambling centre...
1.5 could be a stable line, u see kossan and supermax already is at lower side. Wait for rebound only. The news could be holding some information and yet announce it to the public.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
BabyAce
1,833 posts
Posted by BabyAce > 2021-03-05 18:15 | Report Abuse
Next week rocket to the moon.