Selling pressure quite high

Short term TP 1.75 and 1.90

Weak performance

Becareful operator ate back themself and throw back down. Right hand to left hand

Good luck to those who chases high this morning

Must run as soon as possible. This uncle not play play this time

Tmr might GAP down below 1.10. Take care guys!

Tomorrow might open gap down straight.!can cut queue for sell. I believed uncle might be throw more than you if he saw the price even lower tomorrow.

Lol topglove is going to down soon. Supermax and the rest of glove counter is very high PE now. Beware of selling down

No no... dun believed those who tell you investment bank buy and ignore uncle...
Usually uncle exit and call sell might affected the share price as well.

basically if closed below 1.32 consider bearish le. Becareful of panic sell down on Monday.

sell

Monday GAP down!! Haha uncle sold all

The crash is happens. Uncle Koon is offloading his shares to you guys. Today selling volume is same as last time at 1.800 that time. More downside is coming.

wait below rm1.20 only see back

Those who cutloss this morning will regret to the max

Rebounding, no more below Rm1.30

ok bought at 1.290

Tomorrow testing 1.60

Think operator won’t easily push until next QR.
Only press down more for collect ticket. So now dun think is good time yet

If broke 1.53 then will further downside

Lol totally no buyer for supermax. Think no one dare to buy in now. DJI anytime crush

Because this is fully manipulate by operator counter. When retailers too much inside the stock, usually shark won’t push. And they also want press down to collect more mah.

Sell. Bearish mode is on for supermax and topglove in TA chart term. Rather safe than sorry. Buy back around 1.3 to 1.4 price range better. This supermax operator won’t let u earn if u still holding they will make u cutloss only push again.

Myr vs USd 4.43 now.

Hmmm hope the market sentiment stable first. Or else keep on sell down also hopeless.

Yes, selldown for more accumulating. The longer they drag, the power of pushing up would be strong.

IDSS VALUE 79800/550 = average price at 1.4509

Depend. If so easy to predict the price up or down, all the TA investors already huat like pig head already. Dun simply guess and assume especially when you are not holding any on hand.

Good closing.

buy

Fake news for the suspend bursa lah....

Topglove result out. Yoy increased

Topglove result out.

Result out!!!

Ok. Let monitor the movement how. So far so good. No see big dump and in fact is collecting.

Market sentiment are bad as expected.

KUALA LUMPUR (March 18): Rubber glove manufacturers are expected to record higher margins amid the current Covid-19 outbreak, said CGS-CIMB Research in a note today.

The research house said this will be driven by a 3-5% increase in selling prices, improved economies of scale arising from higher production output, and a more profitable sales mix.

“With strong global glove demand, we believe that glove makers have no choice but to prioritise clients based on pricing and product mix,” it said.

The global demand for rubber gloves has shot passed levels seen during the SARS and H1N1 outbreaks in 2003 and 2009 respectively.

“To put into context, we understand that average lead time for glove makers to fulfil orders has risen up to a minimum of four months versus usually 1-2 months on average. Note that the lead time for rubber gloves during the SARS outbreak was two months and H1N1 (bird flu) outbreak was three months,” the research house said.

Furthermore, their operations will not be disrupted by the current nationwide movement restriction order, which is effective from today until March 31, as the manufacturing of rubber gloves is deemed an essential medical industry by the government.

It added that the current operating environment for the sector is favourable as the ringgit has weakened against the US dollar.

Year-to-date (YTD), the ringgit has fallen by 5.4% against the greenback, which is beneficial for glove makers as over 90% of their sales are denominated in the US dollar.

In addition, the prices of important raw materials have continued to drop amid global uncertainties. For instance, nitrile butadiene prices have declined 4.5% YTD.

Thus, GCS-CIMB is overweight on the sector, despite its premium valuation.

“We have 'add' calls for all four glove stocks, with Top Glove and Kossan as our top picks in the sector,” it said.

The research house added that re-rating catalysts for the sector include stronger-than-expected glove sales, and higher-than-expected margins.

Meanwhile, downside risks include a sharp easing of the coronavirus concerns, and the strengthening of the ringgit against the US dollar.

sell

Supermax wait 1.3- 1.4 only look back.

Beware of the current sentiment. It might be waterfall no support at all due to panic selling. I will keep cash and stay aside first before invest in market now.

Wow Harta green, topglove rebounding kuat, kossan and the rest of glove is turining green soon.

IDSS player onboard again.

So limit up just a Dream? Haha

Zero interest rate.

Novel Coronavirus (COVID-19) Situation
https://experience.arcgis.com/experience/685d0ace521648f8a5beeeee1b9125cd


全球疫情再升级将使医疗手套需求直线上升！

Ok. Tomorrow we will see how is the performance. If GAP up would be above Rm1.93
If go down can test again 1.58
If sideway would be around 1.63 to 1.71.
I will buy if below 1.580.

Yes definitely good buy now if drop tomorrow. Hehe after market technical rebound or better, glove would be first to fly

OMG Malaysia today 190 new cases confirmed. Total confirmed cases is 428 now.

Lol I notice supermax operator very cunning many time. When market very hot they won’t push high, when market very bad, they down a bit. They only push when market sideway. And push one day and down few days.