From the Elliot Wave perspective : A triple zig zag for TG ?


https://www.tradingview.com/x/teEkhbBI

Posted by blackleopard > Sep 15, 2020 12:52 PM | Report Abuse

There are some jap multi-national companies running standing operation (no sitting during working)from 7-7 with only 50 minutes break timefor whole days. Why not those western human right activists sue those jap companies???
Obviously those westerner have their own agenda & evil intention.

You are absolutely right. NZ is one of the 5 eye countries, what do u expect ? Australia mount its moral high horse to lecture about human rights. But read this (just google):"Witnesses say Australian SAS soldiers were involved in mass shooting of unarmed Afghan civilians"

When they leaked out the info to the world that that J20 planes' engines are under powered, most analysts believe it. Why would a country leak out its weakness ? Unless, they have already a fix for it.

TG - company buying back its own shares. HARTA- Boss buying back. Huge difference lah.

the above refers to Harta. The same pattern is also seen in TG

It is the big funds that are selling. MQ would probably influence ikan bilis but I do not think it influence big funds as well. I have posted in other blogs here that after 5 Elliott waves up, an ABC correction would correct the prior 5 up waves. It reached wave 4, the support level.

The question now is whether the correction is already over. I would peg the steep decline as wave 3, the upwards correction as wave 4 n we have probably another leg down.

Posted by johnny cash > Sep 10, 2020 5:40 PM | Report Abuse

BURSA DID MENTION IN EDGE MEDIA, THEY WILL BE CURBING OVER SPECULATION.. I THINK MANY ARE INVOLVE, NONE ARE GIVING OUT ANY STATEMENTS.. EXAMPLE BURSA AND SECURITIES COMMISSION, BANKERS AND MUCH MORE ARE INVOLVE.. THEY ARE DOING FAKE THROWS WITH LOW VOLUME, PURPOSELY DONE TO PULL GLOVES DOWN. SELECTED IB S ARE ALSO INVOLVE LIKE MACQUARIE.. LOOK AT SECURITIES COMMISSION SO QUIET, NOT TAKING OUT ANY STATEMENTS.. BURSA MAIN PLAYER IN THIS

But 'the many are involve" also includes EPF. EPF is known for drastic sell downs n buying them back again. So how ???

The 2 glove makers are inside the KLCI. The KLCI is poised to correct its 5 up Elliott Waves to abt 1456. We are looking the probablity of possibilities. How would these 2 glove makers fare in face of this correction?

https://www.tradingview.com/x/iXhgjVn4

A cursory look at the chart shows the support is at the level suggested by MQ.

from the lens of Elliott wave n Market geometry, the landing ground ...

https://www.tradingview.com/x/e7F6VBiN

there is a thing called 'sentiment'. Most vaccines are out by year end. Whether it is effective is another question. Russia is doing mass vaccination by year end. China revealed that it has already vaccinated its front line health workers. The 2 largest glove makers are inside KLCI components.

Where is the KLCI heading in the near term ? From the Elliott Wave perspective, after the end of the 5 waves, a correction will occur to correct the 5 up waves.

https://www.tradingview.com/x/tQuQBOww

The MSM in US like CNN, Fox .. all peddle fake news. China does not export revolution. Who cares.

From Elliott wave perspective, it could end at wave 4 (after completion of the 5 waves)

https://www.tradingview.com/x/9bH0qoof

My guess - RHB exposure to GentingHK is 420 million. MBB exposure to GentingHk is 1.46 billion

I have this RJR in the 1990s. Its price did not exceed RM10.00. I held it for dividends until it was taken private by Japan Tobacco. I gain from dividends as well as capital gains when I sold out. If u expect a big recovery n expect a home run, then it may disappoint.

As to Harta, the latest qtr is a glimpse as to whether those bank analyst said is correct. Your generous projection of 0.39cts EPS does indicates that it is largely sentiment driven. As is always, those who play to the last cent will be disappointed.

US glorifies slave traders n owners with monuments. Yet, they ride on their moral high horse to talk about human rights. Block UN investigation into war crimes committed in Afghanistan is a denial of human rights.

USD1920

Gold looks poised to retest its 1920 highs or surpass it. I peg it as the final 5th wave of the wave 1 n 2 that started in 2000 at USD252

Contra players in a dangerous situation.

Not circuit breaker. Something wrong with their system.

Confirmed :Bursa cease trading. Last price for TG = RM19.70

Bursa server is down.

Dow futures in the green now after Novarro makes U turn.

The Fed was bluffing all along. They could not stop their QE. The mere mention of scaling back QE spooked the markets. They could not normalize their interest rates.

Munichin said as long as USD is still the currency of international trade, the Fed could do QE forever. If they keep preventing other countries from using USD thru sanctions, it will be the end for them.

3.14 extension typically signals a parabolic state of price behavior.

Will it continue to shoot up ? Well, in markets, everything is possible.

https://www.tradingview.com/x/WOiBNekO

Nothing new. The western press reports big headlines abt their networks being hacked. But they do not report abt them hacking other countries' networks.

This is what Snowden said :US 'hacks China networks'

After fleeing to Hong Kong, Edward Snowden told the South China Morning Post that the NSA had led more than 61,000 hacking operations worldwide, including many in Hong Kong and mainland China.

He said targets in Hong Kong included the Chinese University, public officials and businesses.

"We hack network backbones - like huge internet routers, basically - that give us access to the communications of hundreds of thousands of computers without having to hack every single one," Mr Snowden was quoted as saying.

In the 1980s, competitors in western countries claimed that Malaysian-made gloves have minute pin holes. Even the Danish based company in Malaysia, EAC, was not spared. It failed to make money from gloves made here.

From the technical perspective, the support is at abt 4.50, the resistance at abt 5.00 But the actual tradable range is abt 4.50 to 4.75 as ppl are less able to buy n sell at the extreme.

You can calculate the risk-reward.

Can it go above 5.00 ? Yes, provided air travel returns to normal. Vaccine is available or better still medicine is available.

Genting depends of local funds, retail players n foreign funds to send its price up. Looking at it, most of the funds n players are trading for a profit.

A down channel for BAT
https://www.tradingview.com/x/Wvjz8ILY

TM inside KLCI index but only evoked a tepid response. Also in the red this morning. No big deal.

Airport went up because planes are starting to again. If air travel reverts to normal, Airport price would already have shot up. Stock prices are forward looking.
If u look the GLCs, including those in oil .. all went up.

Barber shops can't operate. But where did the politicians cut their hair? All have nice n neat hair.

Award of new spectrum withdrawn.

With huge volume in the past days, yet TM only shows spinning top candles. signs of weakness ahead ???

BAT has likely formed Elliott wave 1 n is on its way to form Wave 2.

https://www.tradingview.com/x/uSP9Lbia

But MIDF sings a different tone.

speculation.

But LPI profit up slightly.

$12 is a Gann resistance . a strong resistance. It just breezed thru !
The upward momentum is strong.

They have a bigger problem. They will face water supply problem in 5 years time when their water underground runs dry.

Luckily, we choose to take Paul Krugman's advice.

The result would be the economy will be owned by foreign predators.

IMF ? IMF is a US-centric UN agency. In the 1997 Asian crisis, IMF demands a hike in interest rates, purge the banks, purge the workers, purge the business, purge everything .... Luckily, we choose to take Paul Krugman's advice.

KLCI has already cover its gap incurred in Mar downturn. Not much upside now. Probably moving sideways in range bound trading.

Foreign funds returning ?? This theme is as old as the hills. What our KLSE has to offer ? We don't even have our Alibabas or Tencents.

Are u saying that petrochemical products will shine in the post-covid recession ?

Virus probe will get nowhere. China would not allow those western experts to its labs. Similarly, US would not allow experts from other countries to its labs.

Ambank offering 3.5% for FD, the highest in the banking industry.

Posted by Jeffreyteck > Apr 27, 2020 1:40 PM | Report Abuse

Entering 5L regime:
Lower share price.
Lower deposit rates.
Lower epf returns.
Lower growth.
Lower exchange rate.
Few may have turned into N, negative.

This is the post-Covid world. We must learn to live with it.

A fund manager has other means to cut risk other than diversification.

It was reported in Nov 2019 in WSJ that Ray Dalio's hedge fund has placed a bet north of $1 billion that global stocks will fall by March 2020.The position is made up of put options that could pay out to Bridgewater Associates if the S&P 500, the Euro Stoxx 50, or both drop in value (Put options are contracts that grant investors the right to sell stocks at a predetermined price by a specific date.)

A fund manager has to diversify because he is managing other ppl's money. He is paid to do the job. Nobody paid him to keep all the investor's funds in cash. At times when he should have disposed his entire portfolio, he is not able to do so. Hence, he has to diversify.

Whereas, when we are managing our own money, why is there a need to diversify ? Diversification does nothing to protect you from a loss since the whole market is going deep down.

"The nature of risk" by Justin Mamis, a former executive at the NYSE is good reading. I think you download it in the net for free. I still have this hardcover book in my library.