Dear investors, VSTECS is expected to perform well according to its chart.

VSTECS's fibonanci support level is valued at RM2.08 which is proved effective through these days closing price. Besides, VSTECS rebound back up to RM2.12 during today's morning session which again proved this support line is strong. Furthermore, the uptrend line of VSTECS is still on position and not broken yet. Hence, I believe that the price of VSTECS is already at the bottom and retracement is ending soon. I expect the price to test the previous high again at RM2.76. I'm just providing a brief analysis based on technical analysis and there are no buy and sell recommendation here. You are in control of your own decision. Cheers.

Thank you.
Jinn

Good evening investors, here is my thoughts on Topglove based on technical analysis.

https://ibb.co/x7rhtjh

Based on the chart provided above, we can see that the closing price of Topglove last Friday was above the the first support(23.6%) of fibonanci retracement level. Besides, the price is still moving in the uptrend channel which indicates the chart is still bullish. The support line at RM23.6 is a key support to Topglove. If this support loses it strength, so will the uptrend channel since both of them are at the same level. If this support line is broken, the 38.2% fibonanci retracement line should be the next support which is at RM20.12. The chart of Topglove is the most healthy chart among all the gloves counter. Maybe that's why it is the "Lao da" of Big 4. That's all for my brief analysis. Please note that there is no buy and sell recommendation as I'm just sharing my opinion based on the chart. You are in control of your own trading decision. Cheers!

Thank you.
Jinn

Good evening, here's my opinion on Inari based on technical analysis.

Inari closed at RM2.06 which is above 0.236 fibonanci line (RM2.04) for quite a few days. This could indicate that this support line (RM2.04) is very strong and effective. Besides, multiple hammers candlesticks can be spotted just above the support line. It might be signal for the ending of retracement. Furthermore, Inari is still on a up trend as the trend line has not been broken yet. The trend line shall act as the second support line after the 0.236 fibonanci level (RM2.04). The trend line will be valued at RM1.92 on Monday. Please note that trend line support point will increases day by day. So as time goes, the support point of the upward trend line will increases. There is no buy and sell recommendation. That's all. Cheers.

Thank you.
Jinn

Posted by Aaron_tan > Aug 13, 2020 8:56 PM | Report Abuse

Guys, hengyuan last time also included in msci .... hahahahahaha

Really hengyuan 2.0

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It was Small cap index ah boy, Supermax was already in it and now being promoted into Global Standard Indexes. Which is entirely DIFFERENT situation.

Good evening beloved investors, I'm here to share my opinion on my Supermax's technical analysis.

https://ibb.co/JFqjSzj

It has been five days since Supermax's retracement occured. The deepest dip is at RM18.08 which is equal to 26% from its peak. As to current date, the plunge from its peak is valued at 20%. There is a fibonanci support line at the level RM19.40 which was previously a resistance line which tested twice before it breakthrough. I still believe that this support level is effective although the share price closed below it yesterday. Gap up in the morning and pushing up of the price in the last few minutes can contribute to the reliability of this support line as today closing is above it.

Surprisingly, I have noticed a trend reversal chart pattern has been formed. From the image inside the link i have given, we can see that the last two candlesticks are forming a reversal chart pattern named Harami Cross Pattern. This pattern shows that the current trend is on weakness and going to be reverse. I believe that the selling power is getting weaker and weaker therefore this chart pattern is formed. This could indicate that the Supermax is starting to recover from its plunge. I hope that this chart pattern could take effect and cause the share price to increase steadily up back to its peak and break new high. Remember, every trend reversal will most likely to break its previous high. The previous high of Supermax is at RM24.44 which is roughly 25% from current share price.

Besides, there is a potential Island Reversal Pattern to be formed in hourly chart. This pattern indicates a trend reversal too. I'm hoping the Harami Cross Pattern will bring up the share price followed up by a gap up to form this pattern. If it is formed, the trend reversal shall be confirmed and the price will definitely shoot up and break new high.

I believe that Supermax is not yet dead and will break new high in the future since it is a company which has a strong fundamental background. Let's hope for the best for Supermax! Cheers.

Thank you.
Jinn

Good morning investors, I'm here to present good news to all of you. Supermx is going to be included into MSCI, a global index. I believe the worst have gone and bright light is waiting for us infront. Let's hope for the best. Cheers.
https://www.klsescreener.com/v2/news/view/713553

Thank you.
Jinn

Good afternoon, I hope all of you are calmed after watching the fluctuation of price this morning. We can see that big funds are entering at around 18 which means that it is not the end for Supermx since big funds are still buying on weakness. I'm writing this to share my opinion based on technical analysis. Feel free to point out if somewhere is wrong.
Based on daily chart, the gap down after the previous red candlestick remind me of morning star pattern. I hope that today's candlestick is able to close with small body or close equal. This might follow up with gap up tomorrow and indicate the surge will begin.
Secondly, I have noticed a similar pattern of "岛形反转" on hourly chart. Although it has not yet formed completely, I have confidence that it might form eventually. If tomorrow is open with a gap up, my previous statement about "morning star" and "岛形反转" will likely to take effect.
Disclaimer : Technical analysis is just for reference, there's no buy and sell recommendation provided. For those who have inquiry about the chart pattern i mentioned, please google it yourself and you will understand its meaning.
You are in control of your trading decisions. Cheers.

Thank you.
Jinn

Good morning, i believe that this is a bad morning for most of you. The vaccine news has caused the market to fluctuate heavily. I'm here to give some advise.
1) Supermx fundamental remain strong as glove demand does not get affected.
2) Supermx just released a excellent QR which should build up confidence of shareholders, why would we panic about the price movement if the company is doing well?
3) Supermx mentioned that the best ASP had not been reflected in current QR so i can assure that the next QR will definitely be better than the current one.
4) Whole market today are being impacted so does the technology sector.
5) Supermx's future expansion plan should contribute much higher profit if it goes well.
6) Supermx will be giving out bonus issue on September, hold until the bonus issue to win big.
7) Vaccine which Russia tend to produce is not legally register and being doubt by many politicians and scientists.
8) Normally strong stocks do not retrace to this low after surging. So, this is a perfect chance to collect on weakness. I believe that a fierce surge will begin soon.
You are in control of your trading decisions. Cheers

Thank you.
Jinn

Greetings to all of the Supermx shareholders. I'm sure that all of you slept well after knowing the excellent result from Supermx yesterday. I expect to share price to continue rally until the release of Q12021 result. Based on the quarter report released yesterday, we get to know that the future view of Supermx remains bright. I believe that Q12021 will be the best quarter for Supermx as ASP increases the most in July. I expect to see it reflects in the next QR of Supermx. I'm sure that all of you already noticed the profit taking action through the price movement in morning session. I do not know when it will stop and start to rally. The only advise i can give is to hold tight. My standpoint remains the same, we, the investors invest in the potential value of the company. We should not change our standpoint just because of price movement. We follow the fundamental, we follow the trend. Price changes everyday but trend doesn't. Let's hope for the best of Supermx's future. Cheers

Thank you.
Jinn

Im sorry but if PAT of Q42020 is 500million, current price is very low. 500m PAT should resulting at least RM30+.
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Posted by Mr_Kiah > Aug 10, 2020 1:30 PM | Report Abuse

Minimum net profit to justify current share price RM22.92 is RM 507.4 million

Congratulations to those who overcome morning's pressure, I have no idea if afternoon session will remain the same situation of morning session. What i can tell you is that QR result is excellent. To those who are still holding, keep it up. To those who sold due to panic selling, I'm sorry but you may find another entry if you want to. We are investors, we bought in because of the company's future view and believe in it is valuable. We are not speculators who buy and sell with no reason. Keep in mind what's the reason which make you willing to take risk and invest in this company, as long as the reason remain unwavering, we are good. I hope the Q42020 of Supermx will reward all the shareholders who believe in it. Cheers.

Thank you.
Jinn

The ASP of Supermx have raised almost to 5 times before the pandemic. Easy calculation by taking the previous quarter result times 5.(71mx5=355m) That makes 355m as the lowest possible result from Supermx. Besides, increasing in ASP does not affect the operating cost, if yes, little changes wont affect much too. This makes the additional profit earned is merely net profit before tax. This should result in over 5 times increase in the net profit gained. This sounds very good! Furthermore, Supermx does its own distribution. Increasing in demand of gloves should increase its profit earned from distribution process. Other than increase in demand, price raised for this process should contribute the same as the ASP increases of glove as raising price does not inccured any additional expenses. With all of this, we could easily conclude that net profit for Q42020 should be at least 5 times the previous qr result. I believe that Q42020 of Supermx will be excellent. Excellent means that it is better than good, better than what all of you could possibly think of.
I will not talk about Q12021, I could only tell you that current price is still cheap for Q42020. So there is no point talking about Q12021 which will be the best quarter for Supermx. If you are a value investor, you know what you should do. If you are a trader, do not miss this precious chance.
I will not give any target price, you can calculate it by yourself.

You have to made your own decision, you should be in control to decide what you want and what you do not want.

Thank you.
Jinn