6 month loan moratorium....would banks blood bath tomorrow? Which index can cushion the fall tomorrow?

wah paktua, the bookmaker read your post, close at 4.23

Tomorrow 4.17. healthcare index double bottom 2872-2883

It is shameful to have petition of stopping RSS temporary . RSS is needed as a process of check and balance. RSS can prevent retail investors from buying overvalued. However, slightly undervalued glove counters should be due for a strong technical rebound soon

pivot piont 2.01. Should stay above 2.02 after bookmaker collect enough shares below 2

Technical rebound in the brewing. Target 2.73.

Germany Frankfurt Topglove up from 5.50 to 5.70 Euro. Volume very low.
https://markets.ft.com/data/equities/tearsheet/summary?s=5OU:FRA

A technical rebound due to oversold. Reduced profit meet expectation. To monitor if can rerun to midium term uptrend line at 4.90+.

Commodities up cycle toppish. Any rebound is for you run for your life ya. Sorry for pouring cold water. Next month finance sector still have a chance to rebound ya

JP Morgan report possible went wrong in estimating decreasing ASP too soon and too drastic.
(US CBP estimation of ASP is higher. Please refer website. May 4, 2021- 3.97 million nitrile disposable gloves were seized.
The estimated value of the shipment was $518,000.That means Topglove nitrile glove is about USD130/1K.
May 12, 2021-4.68 million latex gloves.The estimated value of the shipment was $690,000. That means Topglove latax glove is about USD147.44/1K
May be they didn't estimate each vaccination may need 1 pair of new glove. The report may not estimate many country especially 3rd worlds suffering increased cases of Covid-19 and usage of gloves.

Target price of RM 3.50 even Rm2.50 may be reached after US reverse unlimited quantitative easing and KLCI drop to 1000

Wave 3 looks like in the process of forming. Chance of returning to average price at MAV200 is bright with current month high ASP and record profit. Target RM7.50

Glove companies remain highly profitable in May.
May 4, 2021-
Topglove's 3.97 million nitrile disposable gloves were seized.
The estimated value of the shipment was $518,000.That means Topglove nitrile glove is about USD130/1K (=RM53.50/100's/box.)
May 12, 2021-4.68 million latex gloves.The estimated value of the shipment was $690,000. That means Topglove latax glove is about USD147.44/1K (=RM60.45/100's/box. Why so expensive? Premium grade?). Any comment?

May 4, 2021-
Topglove's 3.97 million nitrile disposable gloves were seized.
The estimated value of the shipment was $518,000.That means Topglove nitrile glove is about USD130/1K (=RM53.50/100's/box.)
May 12, 2021-4.68 million latex gloves.The estimated value of the shipment was $690,000. That means Topglove latax glove is about USD147.44/1K (=RM60.45/100's/box. Why so expensive? Premium grade?). Any comment?

what was discussed?

Harta results actually good, it defer the profit to next quarter. Excuse are shipment delay that cause increased inventory in the report. If you add back the inventory to the revenue, you may see the real picture

If results below expectation, or no good dividend declared, share price will drops lo. Kossan is example share price up when results beat expectation

Reverse thinking: no speculative buying of shares before results announce shows low expectation. Once good results announced above expectation, supermax may lead all glove counters to do a reversed ABC.

Technically double bottoms found. MACD crossed Signal on 1st Nov. Fisrt target MAV 200 at 0.95, awaiting delayed National Housing Policy to be announced

Back to fundamental prospect: what is the projection of long steel consumption in next 10 year for potential one million houses? (Meanwhile, Lim said agreeing to the scheme was a risk worth taking in the effort to fullfill the promise made in the PH manifesto to built one million houses in 10 years. http://www.theedgemarkets.com/article/property-crowdfunding-encourage-building-more-houses-pm).

China steel price is on the uptrend and MYR is on the downtrend. Can China steel export to Malaysia be reduced? Hope all managed to buy more at 0.60+ before release of new housing policy in near term.
http://www.sunsirs.com/uk/prodetail-927.html

Why lionind trading volume higher since July? Higher free float? Why?

Today looks like hammer again...with Dow Jones managed to bounce back from 25200......

Higher low..........

Invisible hand quickly sapu prices below 0.95.

Consolidation today.... Rebound tomorrow or Friday?

Prepare bullet buy below 0.95 for budget announcement. buy at your own risk.

Bad  news

(1) Annoucement delayed. National Housing Policy 2.0 completed, pending cabinet approval


http://www.theedgemarkets.com/article/national-housing-policy-20-completed-pending-cabinet-approval


(2) China scraps blanket winter output cuts for heavy industry

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSL4N1WD1TP


https://www.google.com/amp/s/www.cnbc.com/amp/2018/09/28/reuters-america-column-chinas-shift-on-winter-smog-rules-rattles-steel-markets-andy-home.html

Tomorrow is a good day. Just sit down and watch the profit run. Don't chase...

FBMScap index (currently 14385) crossed signal 2 days ago, appear to test mav200 i.e. 15000 pionts in near future. FBM70 and FBMKLCI MACD still below signal, looks like small caps may have a relly in October

It is good to see red red today because it is T+4, time for short term invester to buy. MACD already crossed signal 2 days ago.

Seems that MAV200 1.063 will be challenged and taken away, that means MACD may cross signal, RSI neutral, Stochastic neutral, it is perfect timing timing. Once crossed, day trader may enter in a big way...

Hope Sifu KYY is right for above comment. Yesterday macd haven't crossed signal. With double bottom formed above 0.85, I believe lionind macd may crossed signal next week same as fbmscap index , next resistance will be 1.06, coincidently it is mav 200. Further resistance is 1.12 (upper edge of Bolinger band) and 1.18 (lower edge of uptrend channel since 0.625). Buy below 0.95.

lionind MACD may cross signal today. Once crossed, short term uptrend may be seen. Buy below 0.95 and again don't chase.

It is about time for Fbmscap index MRCD to cross Signal, so as Lionind. China steel price is going to challenge all time high in near future. (Steel increased 49 Yuan/MT or 1.09% to 4,541 on Tuesday September 18 from 4,492 in the previous trading session. Historically, Steel reached an all time high of 4780 in September of 2018 and a record low of 1750 in February of 2016.) Above is purely on speculation. https://tradingeconomics.com/commodity/steel

If mother really 6.5, C37 may touch 0.20. Currently at 0.155, Premium =0.0802; if premium still 0.08 when mother 6.5, C37=(0.08X6.50+6.50-5.80)/6=0.203. Buy at your own risk

Short term lionind may up up down down, inch up until MRCD cross Signal. Once crossed, only may shoot up because day trader rush in. Buy below 0.95 and invest for medium term, not for quick money

Of course today it is technical rebound. lion need to pass 1.07 for real rebound to 1.22, and it need to rest at 1.09 (mav 200) a while for those to buy for real rebound. Above is purely speculation

Potential steel catalysts:
(1)http://www.theedgemarkets.com/article/new-national-housing-policy-out-earlier-september-—-minister
(2) https://www.reuters.com/article/us-china-commodities-environment/chinas-early-winter-smelter-cuts-boost-prospects-for-blue-sky-congress-idUSKCN1C41CA

Chart of double bottom formed if today price can close at 0.89-0.90 (mav 100 and mav 50). Buy below 0.95. Don't chase ya

Thanks lion, sifu OTB, KYY and SSLee, my investment in lion finally become positive. Although fortune teller was wrong at timing of rebound, chartist is correct.

Stock: [LIONIND]: LION INDUSTRIES CORP BHD
Aug 31, 2018 12:55 PM | Report Abuse
Buy on dips, fortune teller said Wednesday it may rebound.

Aug 28, 2018 12:19 PM | Report Abuse
'Market force' is pressing down the price because too many people have too high expectation on lion. Although Q4 2018 results may not be as good as Q3, it may be better than Q4 2017. I agree with Sifu OTB, KYY, SLLee view that lion medium term is good, thus increase my target by buying below 0.95. Share price does not go up in a straight line.

Aug 24, 2018 08:22 PM | Report Abuse
My lionind Q4 eps espectation is 4 sen with NP margin about 3% if results is comparable with SSteel results(Q4 NP margin 3.99%). If eps 4 sen, do yo sell or buy? I will hold

Buy on dips, fortune teller said Wednesday it may rebound.

Stock: [LIONIND]: LION INDUSTRIES CORP BHD
Aug 24, 2018 08:22 PM | Report Abuse
My lionind Q4 eps espectation is 4 sen with NP margin about 3% if results is comparable with SSteel results(Q4 NP margin 3.99%). If eps 4 sen, do yo sell or buy? I will hold

Performance not looking good.....

Today reverse chart pattern is because of profit taking due to slightly lower operation results yoy. hope tomorrow it won't break below 6. too late to know it, I am on board and forgotten to sell today.
http://nexttrade.blogspot.com/2018/08/cimb-better-profits.html

'Market force' is pressing down the price because too many people have too high expectation on lion. Although Q4 2018 results may not be as good as Q3, it may be better than Q4 2017. I agree with Sifu OTB, KYY, SLLee view that lion medium term is good, thus increase my target by buying below 0.95. Share price does not go up in a straight line.

Monday and Tuesday: opportunity to buy when the share prices are so depressed. Don't panic, prepare your bullet. Buy below 0.90

My lionind Q4 eps espectation is 4 sen with NP margin about 3% if results is comparable with SSteel results(Q4 NP margin 3.99%). If eps 4 sen, do yo sell or buy? I will hold

Trading sell in strength. Consolidation mode not finished. Medium term good

Lion in Wave 3 is superstrong, even so need to rest for a while to recharge for future uptrend. Thanks lion.

KLCI uptrend line was broken decisively.

Correction: 12.30-12.60 is possible (Icapital technical analysis said today). Hopefully it won't happen