aiyo, carimin, dayang all because an oldman blindly chasing mah. LUXCHEM good stock, no need anyone chase. just trade carefully....price went up quite a lot in such short timing
Luxchem is going to hold at current level or even higher, Many part of the world, those awaken of higher hygiene level community will require the use of glove more than anytime ever
Luxchem is considered uptrend la. ADX and MACD passed. Just the RSI a bit overbought. Thats why some minor pullback. It is making higher highs and lower lows now with increased volume too. The only concern to me is external factors which we cannot control. External factors like the DJIA down 1k or crude goes negative again might cause buyers turning into sellers in order to protect capital.
DickyMe, Luxchem has been behaving exactly like you described above. From low of 38.5sen move higher and higher with minor pull back. Only yesterday was one day spike up. It is bullish regardless of how you look at it.
Many penny stocks were Goreng up in matter of days. I believe it was Goreng rather than investors buy and hold. It rises too fast. Becareful and watch the upcoming qr to see if Luxchem is able to benefits from the demand.
Alright, luxchem can benefit from recent trend (manufacture chemicals thats related to glove). However, pls be aware that this segment only contributed 30% only to this company as the remaining 70% still involve other segment like trading and distribution of petrochemical and other related products (which will be impacted during this MCO period).
Just be aware while trading and do not chase high as it has already rise more than 90% from its recent lowest price. Congratulation to those who still holding the shares, its huge profit :)
Compare with last month lowest, Comfort was 60.5c and now 1.25, Rubberex was 55c and now 1.26, and both comfort & rubberex hv a immediate TP of 1.38-1.50.
Rub Research TP at 65 sen was based on Feb 18 when crude oil was Usd44. Now Crude oil has fallen by more than 60% the feedcost for nitrile has dropped and the profit has increased
Also James Ng forgot that Luxchem is a versatile company with 400 types of chemical
In times like these Company can stop producing other chemicals and redirect manpower and resources to Latex and Nitrile for gloves. Also there is extra capacity in both Perak factory (20%) and Melaka (35%) to further ramp up production
Luxchem will see and seize the opportunity of the day to capture the maximum sale to glove factories for such a time like now
shadowz BUT LUXCHEM'S FORTUNE THEN WENT THE OPPOSITE AS ITS SHARE PRICE POWERED UP & DOUBLED IN PRICES FROM 64 SEN (2014) TO A HIGH OF RM1,31 (YEAR 2015) 23/04/2020 10:59 PM
Posted by Cmhoon > Apr 24, 2020 8:04 AM | Report Abuse
shadowz BUT LUXCHEM'S FORTUNE THEN WENT THE OPPOSITE AS ITS SHARE PRICE POWERED UP & DOUBLED IN PRICES FROM 64 SEN (2014) TO A HIGH OF RM1,31 (YEAR 2015) 23/04/2020 10:59 PM
CORRECT:
From STOCK PERFORMANCE GUIDE OF Dynaquest
LUXCHEM in Year 2014 was priced at 64 sen
THE GAME CHANGER WAS THE COLLAPSE OF CRUDE OIL THEN FROM USD100 TO LESS THAN USD30
SO RAW MATERIAL PRICES FOR LUXCHEM REDUCTION CAUSED PROFIT TO SPIKE UPWARD AND LUXCHEM SHARE PRICE REACHED A HIGH OF RM1.31 IN YEAR 2015 (UP 104%)
CHEMICALS LIKE AUTOS, REAL ESTATES, EXPORT FURNITURE, OGSE ARE ALL CYCLICAL INDUSTRIES (UNLIKE WATER UTILITY & BASIC FOOD)
Philip missed the OGSE Upstream Bull run last year in carimin, dayang, naim and penergy which all went up 100% to 300% in their upcycle.
So now he is just jealous of our great success
A CYCLICAL IS TO BE BOUGHT ON THE UPCYCLE WHEN THE INDUSTRY IS TURNING BETTER AND CERTAINLY MUST TAKE PROFIT AT PEAK (LIKE DAYANG AT RM2.95) & DON'T OVERSTAY IN THE MARKET
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....
up88up
598 posts
Posted by up88up > 2020-04-23 09:07 | Report Abuse
Within few days as well