^^^GLOVE BULL RALLY: HOW FAR IT CAN GO (BM HEALTHCARE INDEX)??!

One thing is true about this crazy market, it's that healthcare index have been the clear leader. Even the coronavirus crash didn't knock out the healthcare sector particularly glove makers stocks.

Bursa healthcare index has come racing back and are the only major index among stock market indices to make new highs.

Looking at today's chart, it's clear that investors continue to rotate funds to large-medium cap glove makers stocks on any broad market weakness.

So, how much further could this rally "leg" go (on longer-term basis)?

For this case, I use Andrew Pitchfork. Andrew’s Pitchfork is a technical indicator that use three parallel trendlines to identify possible levels of support and resistance as well as potential breakout and breakdown levels.

The pricing is in a bullish impulsive trend, now unfolding final stages of correction. We see a contracting price activity which looks a triangle. Once all legs are visible within a triangle: A-B-C-D-E, and we see a bull rise above the upper triangle line within 2,300 -2,350 zone, that can be important fibonacci extension target around that 2,790 (161,8%) or higher 3,205 (261,8%) area!

If so, that's still 15 -30 percent higher than current level. Stay tuned!

Huat Huat ARRRR!!! Happy Trading and Stay well!!

^^^GLOVE BULL RALLY: HOW FAR IT CAN GO (BM HEALTHCARE INDEX)??!

One thing is true about this crazy market, it's that healthcare index have been the clear leader. Even the coronavirus crash didn't knock out the healthcare sector particularly glove makers stocks.

Bursa healthcare index has come racing back and are the only major index among stock market indices to make new highs.

Looking at today's chart, it's clear that investors continue to rotate funds to large-medium cap glove makers stocks on any broad market weakness.

So, how much further could this rally "leg" go (on longer-term basis)?

For this case, I use Andrew Pitchfork. Andrew’s Pitchfork is a technical indicator that use three parallel trendlines to identify possible levels of support and resistance as well as potential breakout and breakdown levels.

The pricing is in a bullish impulsive trend, now unfolding final stages of correction. We see a contracting price activity which looks a triangle. Once all legs are visible within a triangle: A-B-C-D-E, and we see a bull rise above the upper triangle line within 2,300 -2,350 zone, that can be important fibonacci extension target around that 2,790 (161,8%) or higher 3,205 (261,8%) area!

If so, that's still 15 -30 percent higher than current level. Stay tuned!

Huat Huat ARRRR!!! Happy Trading and Stay well!!

^^^GLOVE BULL RALLY: HOW FAR IT CAN GO (BM HEALTHCARE INDEX)??!

One thing is true about this crazy market, it's that healthcare index have been the clear leader. Even the coronavirus crash didn't knock out the healthcare sector particularly glove makers stocks.

Bursa healthcare index has come racing back and are the only major index among stock market indices to make new highs.

Looking at today's chart, it's clear that investors continue to rotate funds to large-medium cap glove makers stocks on any broad market weakness.

So, how much further could this rally "leg" go (on longer-term basis)?

For this case, I use Andrew Pitchfork. Andrew’s Pitchfork is a technical indicator that use three parallel trendlines to identify possible levels of support and resistance as well as potential breakout and breakdown levels.

The pricing is in a bullish impulsive trend, now unfolding final stages of correction. We see a contracting price activity which looks a triangle. Once all legs are visible within a triangle: A-B-C-D-E, and we see a bull rise above the upper triangle line within 2,300 -2,350 zone, that can be important fibonacci extension target around that 2,790 (161,8%) or higher 3,205 (261,8%) area!

If so, that's still 15 -30 percent higher than current level. Stay tuned!

Huat Huat ARRRR!!! Happy Trading and Stay well!!

^^^GLOVE BULL RALLY: HOW FAR IT CAN GO (BM HEALTHCARE INDEX)??!

One thing is true about this crazy market, it's that healthcare index have been the clear leader. Even the coronavirus crash didn't knock out the healthcare sector particularly glove makers stocks.

Bursa healthcare index has come racing back and are the only major index among stock market indices to make new highs.

Looking at today's chart, it's clear that investors continue to rotate funds to large-medium cap glove makers stocks on any broad market weakness.

So, how much further could this rally "leg" go (on longer-term basis)?

For this case, we use Andrew Pitchfork. Andrew’s Pitchfork is a technical indicator that use three parallel trendlines to identify possible levels of support and resistance as well as potential breakout and breakdown levels.

The pricing is in a bullish impulsive trend, now unfolding final stages of correction. We see a contracting price activity which looks a triangle. Once all legs are visible within a triangle: A-B-C-D-E, and we see a bull rise above the upper triangle line within 2,300 -2,350 zone, that can be important fibonacci extension target around that 2,790 (161,8%) or higher 3,205 (261,8%) area!

If so, that's still 15 -30 percent higher than current level. Stay tuned!

Huat Huat ARRRR!!! Happy Trading and Stay well!!

^^^CAREPLS: CAN SEE A BULL RUN AGAIN (UPDATE)??!

Carepls finally touched 1,20 low to fill gap up left behind on 4/6/2020 before closing 1,41.

Now it is preparing to find a strong base support before moving into higher direction. The pricing is in a bullish trend, now unfolding final stages of correction in wave (4). We see a contracting price activity within fourth wave, which looks a triangle. Once all legs are visible within a triangle: A-B-C-D-E, and we see a bull rise above the upper triangle line, that is when fifth wave higher can be underway. Wave (5) target can be important fibonacci extension target around that 2,37 (161,8%) or higher 3,19 (262,8%) area!

My bets: Buy on the breakout triangle line at 1,48-1.50 zone. Trade the final wave (5)!

Huat Huat ARRRR!!! Happy Trading and Stay well!!

^^^CAREPLS: CAN SEE A BULL RUN AGAIN??!

Carepls finally touched 1,20 low to fill gap up left behind on 4/6/2020 before closing 1,41.

Now it is preparing to find a strong base support before moving into higher direction.

In 1h chart, we can see a possibly price formed a bullish A-B-C-D-E wave triangle, the bull would begin with final 5th wave up from here in targeting important fibonacci extension target around that 2,37 (161,8%) or higher 3,19 (262,8%) area!

Huat Huat ARRRR!!! Happy Trading and Stay well!!

^^^COMFORT: BULLISH V-SHAPED BREAKOUT ??!

In 1h chart. we can see a possibly price formed a bullish A-B-C-D-E wave descending triangle, and currently it could be confirmed by a breakout trendline resistance and wave »D« swing high, that's when real risk-off can kick in some days this week. Should this happened, the bull would begun with final 5th wave up in target at 5,26 (161,8%) and higher 6,85 (261,8%).

However, cut loss when price breaks below the horizontal support line at 2,46-2,50 level with probably a 3-3-5 pattern major correction still in place that can aim for major wave (C) impulsive correction with fib retracement target at 1,98 or lower 1,67 zone.

Huat Huat ARRRR!!! Happy Trading!!!

^^^TOPGLOVE: BULLISH DIVERGENCE AS PRICING INCHES DOWN??!

Topglove touched 14,84 low in 1h chart this morning and completed filling gap up which happened on 15/6/2020 today.

Is this a double bottom here?

Ample bullish divergence (on the ADX, CCI, DMI, MACD, MACD Histogram, Oscillator, RSI, SMA and Volume) had emerged on 1h chart and this may show the pricing had bottomed at present 14,84 - 14,90 level.

Should this strong base support formed before moving into higher direction, trade at current pullback which could be appeared to be good opportunity to buy on next higher level that target to hit 19,40 (161,8%) and 24,89 (261,8%).

Huat Huat Arrrrr!! Happy Trading!!!

^^^GLOVE STOCKS RALLY - GAP UP TO BE ACTIVE SUPPORT?!!

All bull gloves gap up on 15/6/2020 which are still waiting for brave bulls to come in and fill it with prices.

Perhaps later today or much later period.

Assuming this is not a bull trap and gloves rally is not top yet, trade for the final bull wave 5!

That said, any temporary, minor pullbacks during current bull uptrend could be appeared to be good opportunity to buy on next higher level.

HUat Huat ARRRR!!! Happy trading and stay well!!!

^^^GLOVE STOCKS RALLY - GAP UP TO BE ACTIVE SUPPORT?!!

All bull gloves gap up on 15/6/2020 which are still waiting for brave bulls to come in and fill it with prices.

Perhaps later today or much later period.

Assuming this is not a bull trap and gloves rally is not top yet, trade for the final bull wave 5!

That said, any temporary, minor pullbacks during current bull uptrend could be appeared to be good opportunity to buy on next higher level.

HUat Huat ARRRR!!! Happy trading and stay well!!!

^^^GLOVE STOCKS RALLY - GAP UP TO BE ACTIVE SUPPORT?!!

All bull gloves gap up on 15/6/2020 which are still waiting for brave bulls to come in and fill it with prices.

Perhaps later today or much later period.

Assuming this is not a bull trap and gloves rally is not top yet, trade for the final bull wave 5!

That said, any temporary, minor pullbacks during current bull uptrend could be appeared to be good opportunity to buy on next higher level.

HUat Huat ARRRR!!! Happy trading and stay well!!!

^^^GLOVE STOCKS RALLY - GAP UP TO BE ACTIVE SUPPORT?!!

All bull gloves gap up on 15/6/2020 which are still waiting for brave bulls to come in and fill it with prices.

Perhaps later today or much later period.

Assuming this is not a bull trap and gloves rally is not top yet, trade for the final bull wave 5!

That said, any temporary, minor pullbacks during current bull uptrend could be appeared to be good opportunity to buy on next higher level.

HUat Huat ARRRR!!! Happy trading and stay well!!!

^^^GLOVE STOCKS RALLY - GAP UP TO BE ACTIVE SUPPORT?!!

All bull gloves gap up on 15/6/2020 which are still waiting for brave bulls to come in and fill it with prices.

Perhaps later today or much later period.

Assuming this is not a bull trap and gloves rally is not top yet, trade for the final bull wave 5!

That said, any temporary, minor pullbacks during current bull uptrend could be appeared to be good opportunity to buy on next higher level.

HUat Huat ARRRR!!! Happy trading and stay well!!!

^^^TOPGLOVE: V-SHAPED RECOVERY MODE TODAY??!

Topglove touched to the 15,00 low in 1h chart to fill gap up happened on 4/6/2020 (15,43 to 16,06).

Now it is preparing to find a strong base support before moving into higher direction.

In EW chart, we can see a 3-wave correction of bigger wave 4 have completed on 2/6/2020, that gave strong support and a bullish continuation takeover into final wave 5 rally, where we can clearly see these five waves up towards important Fibonacci 161,8% extension target at 19,40 level!

We can see a possibly price has begun now with final bull 5th wave up in progress. An indication for a completed wave A is unhold from the high of 17,98 level, that can aim for wave B with minor a-b-c wave pullback before moving up with stronger and longer wave 3 of bigger 5th wave move.

My bets : Trade at current wave 2 pullback which could be appeared to be good opportunity to buy on next higher level that target to hit 19,40 (161,8%) and 24,89 (261,8%).

Huat Huat ARRRR!!! Trade well & Stay Healthy!

@engprofit

Comfort overall already in downtrend correction mode. As per my previous review, it seems like its be forming a big bullish gartley harmonic X-A-B-C-D-E pattern and currently in progress to the lower degree wave »D« that from where we today have seen another drop back. Targeting to hit 2,46-2,48 area before wave »E« strong bullish rebound to 5,26 (161,8%) if this happened tomorrow or this week. Or else, the downtrend resume.

Huat huat arrrr! Happy trading and stay well!

^^^COMFORT: A BULLISH GARTLEY PATTERN BREAKOUT??!

In our previous EW review, Comfort has failed in breakout a solid flag pole pattern from around 3,55 to 3,94 zone. It dropped below 3,45 level that lead to a strong selldown in where bull may have top 4,22 on 1/6/2020 of recent 5th wave rally.

Clearly, we see now a big A-B-C three waves correction in progress, with probably a 3-3-5 pattern formation in place. If that is the case, wave (A) is corrective (3 waves), wave (B) is corrective (3 waves) and wave (C) is impulse (5 waves) and pattern become 3-3-5. An indication for a completed wave (A) is unhold from the low of 2,63 level, with a sharp degree rebound on wave (B) probably completed 3,94 that can now aim for wave (C) impulsive correction with fib retracement target at 1,98 or lower 1,67 zone.

However, If we take a closer look at the 1h chart, seems like Comfort can be forming a big bullish gartley harmonic X-A-B-C-D-E pattern and currently it could be in the lower degree wave »D« that from where we may see another drop back to 2,46-2,48 area before strong bullish rebound target at 5,26 (161,8%).

In the case trade for the final bull wave 5!

That said, be aware of any temporary, minor pullbacks during current uptrend could be appeared to be good opportunity to buy on next higher level.


Huat Huat ARRRR!!! Happy Trading!!!

^^^CAREPLS: BULL READY FOR A BIG SIDEWAY BREAKOUT??!

In my previous EW perspective, Carepls has been top probably at 1,89 of its final 5th wave on 2/6/2020 and now we see a big A-B-C three waves correction in progress, with probably a 3-3-5 pattern formation in place. If that is the case, wave (A) is corrective (3 waves), wave (B) is corrective (3 waves) and wave (C) is impulse (5 waves) and pattern become 3-3-5. An indication for a completed wave (A) is unhold from the low of 1,08 level, with a sharp degree rebound on wave (B) probably completed 1,80 that can aim for wave (C) impulsive correction with fib retracement target at 0,825 or lower 0,562 zone.

However, If we take a closer look at the 1h chart, seems like Carepls can be forming a big bullish A-B-C-D-E wave contracting triangle pattern and currently it could be in the end of a lower degree wave »E« that from where we may see another drop back to 1,38-1,40 area before strong bullish rebound.

In the case the bull is not top yet. Trade for the final bull wave 5!

That said, be aware of any temporary, minor pullbacks during current uptrend could be appeared to be good opportunity to buy on next higher level as where we may see these five waves up have started from low 1,08 towards important fibonacci extension target around that 2,37 (161,8%) or higher 3,19 (262,8%) area!

Huat Huat ARRRR!!! Happy Trading and Stay well!!

^^^CAREPLS: GAP UP FILLED. WHAT'S NEXT??!

Carepls touched to the 1,52 low this morning in 1h chart to fill gap up happened on 4/6/2020.

Now it is preparing to find a strong base support before moving into higher direction.

Support: 1,52 - 1,54 (Cut loss: 1,45)
Resistance : 1,74 - 1,77 (Target: 2,22 - 2,35 on breakout)

Huat Huat ARRRR!! Happy Trading!!!

^^^COMFORT: A BULL FLAG PENNANT BREAKOUT TO HIT TARGET 5,02??!

In 1h chart, Comfort has risen from 2,63 and hit 3,94 before close lower at 3,63. The recent sharp rise has also formed a SOLID FLAG POLE & PENNANT in around 3,55 to 3,94 zone. Thus, the target for this breakout move is 3,72 - 3,76 (around 3,80 of 0,618 Fib Retracement) to probably hit target at 4.48 - 4.52 level before surging higher at 5,02 (1.618% Fib extended wave)

Based on the above, we may see another rally over the next 1-2 week, which some would call the final 5th wave bull rally. If you are nimble enough, you can try your luck and make a trade for this up leg with potential aim of almost 23% - 38% gains.

However, on the other side, a drop below 3,45 level can lead to a strong selldown in which bull may have top 4,22 on 1/6/2020 of recent 5th wave rally.

Huat HUat AARRR!!! Trade well! Stay healthy!!

^^^CAREPLS: BULL SHOW NOT OVER YET??!

Carepls has been top probably at 1,89 of its final 5th wave on 2/6/2020.

In my previous EW perspective, after every five waves, a three-wave pullback follows, so we have seen last week a sharp decline correction that push the price touched lower 1,08 before a sharp degree rebound highest done at 1,80 before pullback to close at 1,63 on 5/6/2020. Clearly, we see a big A-B-C three waves correction in progress, with probably a 3-3-5 pattern formation in place. If that is the case, wave (A) is corrective (3 waves), wave (B) is corrective (3 waves) and wave (C) is impulse (5 waves) and pattern become 3-3-5. An indication for a completed wave (A) is unhold from the low of 1,08 level, with a sharp degree rebound on wave (B) probably completed 1,80 that can aim for wave (C) impulsive correction with fib retracement target at 0,825 or lower 0,562 zone.

However, what if the bull is not over yet?

Let us look at the possibilty of these scenario based on current sentiment.

1) Based on current glove rally sentiment, we could see that Big4 ie TopGlove, Harta, Kossan and Supermx are in impulsive final 5th wave bull move after recent sharp wave 4 correction. Clearly Topglove and Supermx prooven the scenario of its continuation of rally by overtaken completed wave 3 each at high level on 5/6/2020.

2) Back in 2003 SARS outbreak, glove rally for almost over 10-months period just after when the epidemic well contained. Further, the impact of this round pandemic is far most unpredecented that could easily keep all glove company sustained its growths for coming 3-5 years period. If history were to repeat, we could see the rally may to top by end of the year or 1Q 2021.

https://1.bp.blogspot.com/-gqtCXFdyDsk/Xji31nMDukI/AAAAAAAAw3k/3O7K-_KjpuYoN4SzvpOxbIWJcjWNNekzACLcBGAsYHQ/s1600/Topglov%252C%2BSupermx%2B%2526%2BKossan%2Bw%2BFeb2002-Jan2004.gif

In the case the bull is not top yet. Trade for the final bull wave 5! That said, be aware of any temporary, minor pullbacks during current uptrend; which could be appeared to be good opportunity to buy on next higher level as where we may see these five waves up have started from low 1,08 towards important fibonacci extension target around that 2,37 (161,8%) or higher 3,19 (262,8%) area!

Huat Huat ARRRR!!! Happy Trading and Stay well!!

^^^SUPERMX: PARABOLIC RALLY TO TEST 10.00?!

It have been a while I have never updated any pricing review for Supermx.

Let's have a look today.

In EW chart, we can see a 3-wave correction of bigger wave 4 have completed on 2/6/2020, that gave strong support and a bullish continuation takeover into final wave 5 rally, where we can clearly see these five waves up towards important Fibonacci 161,8% extension target at 10,01 level!

My Bets:

1) By taking an average trading cycle of 30-months (910 days). We see that Supermx has begun the new cycle since 2/7/2018 and the completion cycle would likelihood happened in this coming end of year, December 2020 or 1Q 2021.

2) On this relative base, Supermx would be seeing a bullish uptrend "Higher-High" cycle. We to see a sharp and impulsive running higher above its current means trendline with more bullish gains, ideally even back to the previous peak highs in 2/7/2018 (2,27).

Trade for final bull wave 5 target to hit 10,01 (162,8%) and 12,95 (262,8%).


Huat Huat ARRRR!!! Trade well & Stay Healthy!

^^^CAREPLS: ALREADY TURNING LOWER??!

We can see a possibly price top at 2/6/2020 with bigger three-wave reversal A-B-C correction in progress, down from 1,89 high. An indication for a completed wave A is unhold from the low of 1,08 level, that can aim for wave B with fib retractment at the 1,48 (0,500) and 1,58 (0,618) zone.

However, a further breakout above high of 1,89 would suggest invalidation of these final 5th wave top formation. That's case the bull would continue into final wave 5 on the action with target 2,22 zone or higher.

Good luck! Happy Trading! Huat Huat Arrrrr!!!

^^^CAREPLS: HAS BULL TOP & OVER YESTERDAY??!

Carepls hits my previous target at 1,82 and meets highest 1,89 done yesterday before a sharp decline, in which potentially see the final leg of 5th wave has ended.

From EW perspective, after every five waves, a three-wave pullback follows, in which we should be aware of limited gains and potential sharp deeper degree a-b-c correction decline that could easily push the price back to 0,67-0,80 support zone.

My Bets: We see pricing completed an obvious descending triangle yesterday pullback in 1h chart. If that is the case, then be aware of a sharp bounce breakout possibility today to retest 1,89 or higher 2,22 zone before ending its final 5th wave rally.

Let's see if this happen or else to confirm top.

Happy trading ! Good luck!!

^^^CAREPLS : TODAY LIMIT UP TO HIT POTENTIAL TOP??!

In EW chart, we can see a 3-wave correction wave 4 have completed on 20/5/2020, that gave strong support and a bullish continuation takeover into final wave 5 rally, where we can clearly see these five waves up towards important Fibonacci 161,8% extension target around that 1,42 area!

My Bets: Trade for final bull wave 5 target to hit 1,82 (262,8%) and 2,22 (362,8%) soon.

However, we know that in EW theory, after this potential top hit, we would not be surprised if price starts falling sharply after reaching that final wave 5 of C!

Happy Trading!! Stay Well!!!

^^^CAREPLS: BUILDING A SOLID FOUNDATION !!!

Carepls is technically not overbought at the multi-year highs, as it is building a solid foundation below an obvious bullish inverse head and shoulders from where a sharp rally to follow with.

In case of breakout from H&S resistance horizontal line at 1,06-1,08 zone, the upside target area is 1,34 and higher 1,62 in 1h chart.

Huat Huat ARRRRR! Stay Well & Happy Trading!

^^^GLOVE STOCKS RALLY - TIME TO TAKE PROFIT!!

We have seen a strong and bullish rally for all stocks related to the rubber glove sector in the last 3 weeks. This was prompted by the terrific results of Big4 this week.

How much longer can the rally go? Nobody knows, but judging from signs such as the participation in the recent movement by smallish glove makers ie Comfort, Carepls and Ruberex and also the appearance of the inverted hammer in the hourly chart of Harta and Kossan, the top may be very near. I believe it is time to take some profit in this sector.

My Bets: The potential upside may be limited for Big4 glove stocks which may have now fairly priced despite IB's favorable rating and extremely highly target priced.

Huat Huat ARRR! Happy Trading !!

^^^GLOVE STOCKS RALLY - TIME TO TAKE PROFIT!!

We have seen a strong and bullish rally for all stocks related to the rubber glove sector in the last 3 weeks. This was prompted by the terrific results of Big4 this week.

How much longer can the rally go? Nobody knows, but judging from signs such as the participation in the recent movement by smallish glove makers ie Comfort, Carepls and Ruberex and also the appearance of the inverted hammer in the hourly chart of Harta and Kossan, the top may be very near. I believe it is time to take some profit in this sector.

My Bets: The potential upside may be limited for Big4 glove stocks which may have now fairly priced despite IB's favorable rating and extremely highly target priced.

Huat Huat ARRR! Happy Trading !!

^^^GLOVE STOCKS RALLY - TIME TO TAKE PROFIT!!

We have seen a strong and bullish rally for all stocks related to the rubber glove sector in the last 3 weeks. This was prompted by the terrific results of Big4 this week.

How much longer can the rally go? Nobody knows, but judging from signs such as the participation in the recent movement by smallish glove makers ie Comfort, Carepls and Ruberex and also the appearance of the inverted hammer in the hourly chart of Harta and Kossan, the top may be very near. I believe it is time to take some profit in this sector.

My Bets: The potential upside may be limited for Big4 glove stocks which may have now fairly priced despite IB's favorable rating and extremely highly target priced.

Huat Huat ARRR! Happy Trading !!

^^^GLOVE STOCKS RALLY - TIME TO TAKE PROFIT!!

We have seen a strong and bullish rally for all stocks related to the rubber glove sector in the last 3 weeks. This was prompted by the terrific results of Big4 this week.

How much longer can the rally go? Nobody knows, but judging from signs such as the participation in the recent movement by smallish glove makers ie Comfort, Carepls and Ruberex and also the appearance of the inverted hammer in the hourly chart of Harta and Kossan, the top may be very near. I believe it is time to take some profit in this sector.

My Bets: The potential upside may be limited for Big4 glove stocks which may have now fairly priced despite IB's favorable rating and extremely highly target priced.

Huat Huat ARRR! Happy Trading !!

^^^GLOVE STOCKS RALLY - TIME TO TAKE PROFIT!!

We have seen a strong and bullish rally for all stocks related to the rubber glove sector in the last 3 weeks. This was prompted by the terrific results of Big4 this week.

How much longer can the rally go? Nobody knows, but judging from signs such as the participation in the recent movement by smallish glove makers ie Comfort, Carepls and Ruberex and also the appearance of the inverted hammer in the hourly chart of Harta and Kossan, the top may be very near. I believe it is time to take some profit in this sector.

My Bets: The potential upside may be limited for Big4 glove stocks which may have now fairly priced despite IB's favorable rating and extremely highly target priced.

Huat Huat ARRR! Happy Trading !!

^^^GLOVE STOCKS RALLY - TIME TO TAKE PROFIT!!

We have seen a strong and bullish rally for all stocks related to the rubber glove sector in the last 3 weeks. This was prompted by the terrific results of Big4 this week.

How much longer can the rally go? Nobody knows, but judging from signs such as the participation in the recent movement by smallish glove makers ie Comfort, Carepls and Ruberex and also the appearance of the inverted hammer in the hourly chart of Harta and Kossan, the top may be very near. I believe it is time to take some profit in this sector.

My Bets: The potential upside may be limited for Big4 glove stocks which may have now fairly priced despite IB's favorable rating and extremely highly target priced.

Huat Huat ARRR! Happy Trading !!

^^^GLOVE STOCKS RALLY - TIME TO TAKE PROFIT!!

We have seen a strong and bullish rally for all stocks related to the rubber glove sector in the last 3 weeks. This was prompted by the terrific results of Big4 this week.

How much longer can the rally go? Nobody knows, but judging from signs such as the participation in the recent movement by smallish glove makers ie Comfort, Carepls and Ruberex and also the appearance of the inverted hammer in the hourly chart of Harta and Kossan, the top may be very near. I believe it is time to take some profit in this sector.

My Bets: The potential upside may be limited for Big4 glove stocks which may have now fairly priced despite IB's favorable rating and extremely highly target priced.

Huat Huat ARRR! Happy Trading !!

^^^GLOVE STOCKS RALLY - TIME TO TAKE PROFIT!!

We have seen a strong and bullish rally for all stocks related to the rubber glove sector in the last 3 weeks. This was prompted by the terrific results of Big4 this week.

How much longer can the rally go? Nobody knows, but judging from signs such as the participation in the recent movement by smallish glove makers ie Comfort, Carepls and Ruberex and also the appearance of the inverted hammer in the hourly chart of Harta and Kossan, the top may be very near. I believe it is time to take some profit in this sector.

My Bets: The potential upside may be limited for Big4 glove stocks which may have now fairly priced despite IB's favorable rating and extremely highly target priced.

Huat Huat ARRR! Happy Trading !!

^^^CAREPLS: BULL BACK IN ACTION!! TARGET 1,34!!

Carepls has done a grand exit from 0,860 level of an flat ascending triangle on hourly chart.

In EW chart, we can see a 3-wave correction wave 4 have completed yesterday, that to give strong support and a bullish continuation takeover into final wave 5.

My Bets: Trade for final bull wave 5 target to hit 1,34/1,62/2,02 soon.

The EW cycle would take another 18-20 days trading which may see the peak around middle June 2020.

Happy Trading!! Stay Well!!!

^^^CAREPLS: READY FOR A BOUNCE?!

We are tracking an unfinished bullish impulse, up from the beginning of February, which is now carving out a corrective wave 4. A corrective wave 4 has probably unfold this morning in a simple a-b-c zig-zag pullback which have looked for support at 0,760 - 0,800 region. That said, a later rise above downtrend channel at the 0,850 - 0,860 area would confirm a completed correction and further upside wave 5 to takeover.

In EW chart, we can see a 3-wave correction wave 4 may have completed today to give strong support and a bullish continuation into final wave 5 with immediate target price at 1,34/1,62/2,02.

My Bets: BUY ON BREAKOUT AT 0,85-0,86

Huat Huat ARRRR!!! Trade well & Stay Healthy!

^^^CAREPLS: BREAKOUT SOON IN VCP MOVE??!

Carepls touched to the point 0,995 resistance zone before pullback around horizontal support line 0,89-0,90 levels we wrote about yesterday. Now, this is the obvious resistance to break before we take it from there.

Watch out the pricing probably to breakout a symmetrical triangle in VCP pattern move. That said, any weakness within the triangle can be only a temporary pullback.

Huat Huat ARRRR!! Happy Trading!!!

^^^SUPERMX: EXPLOSIVE BREAKOUT AT 4 LEVEL??!

Supermx is preparing the base for a grand exit from ascending triangle on the hourly chart?!

Supermx made a five-wave rally since March, an impulse, suggesting that the uptrend bull would outperformed despite weak market condition. However, we now see the price dropping from the latest 4,00 levels high to swing low 3,10, into a correction wave A-B-C, which is part of a correction of an uptrend.

Should this pullback has been done within 2 days, that said, a bullish continuation takeover into final wave 5 on the action with target 4,35-4,55.

Otherwise, a deeper and steeper wave C correction would be seeing pricing dip to retest 2,72-2,85 levels.

Huat Huat ARRRR!!! Happy Trading!!!

^^^SUPERMX: FEELING THE PRESSURE!

Supermx is showing signs of rolling over under the pressure of the Fib at around record high yesterday hit at 3,99 level. We seen a top temporary formed and a deeper correction decline move happened since yesterday. That said, which an A-B-C move lower unfolded within the corrective larger wave 4 that to give strong support near Fib retracement ratio of 23,6/38,2 (3,45/3,10) before a bullish continuation takeover into final wave 5.

In any case, it has been a good ride.

Huat Huat ARRRR!! Stay Well & Happy Trading!!

^^^CAREPLS: PREPARING FOR A GRAND EXIT??!

Carepls is preparing the way for a grand exit from the symmetrical triangle on the 30min chart.

Support: 0,800 - 0,850 (Target: 0,600 - 0,650 on breakdown)
Resistance : 0,970 - 1,02 (Target:1,45 - 1,50 on breakout)

Huat huat ARRrrr!!! Stay well & Happy Trading!!

^^^CAREPLS: TO TEST INTRADAY LIMIT-UP PRICE 0,89 ??!

Carepls is back in the game after its finally breaks 5 yrs strong resistance at 0.600 level. We have seen some nice gains last week and next can be seen showing a clear bullish pattern in "Parabolic" moving curve.

Carepls found a base recently at the 0,50-0,55 level, from where a sharp rally followed. This current sharp rally can be part of a five-wave cycle into a wave 3 of a higher degree, which can take price above the 1.05 high. That said, be aware of any temporary, minor pullbacks during current uptrend; which could be appeared to be good opportunity to buy on next high follow from around the 1,05 level.

However, in case if the price stays sideways and more complex, we remain bullish as long as it's above 0,600 invalidation area!

Huat Huat ARRRR!!! Happy Trading !!

^^^SUPERMX: PARABOLIC RALLY!!

Today we talk on parabolic curve. When prices are upward at ever-increasing speed, moving straight up without normal corrections - they form a parabolic curve, which could cause us to feel ever-increasing caution. With parabolic moves we never know when the final top will arrive because of the greedy and frenzy buying driving the move, but we know that vertical moves cannot be sustained and ultimately we could expect a pullback and collapse, with prices falling as quickly as they advanced. So, in order to determine if the pricing top, we need to analyze the advance to determine if its has gone "parabolic advance" = "bubble".

Supermx surges as much as 130% from low 1,30 in March, topping 3,00 last Friday for the first time ever since its nearest bull run back in 2015. We can see that pricing started with 60 degree slope at the beginning of the rally, and a sharp degree change to 71 degree (April) then to almost 79 degree slope at the start of parabolic advance early of May. These slopes turning into steeper mode as normally indicating that the rally has near its top and matures.

Back in 2015, the similar parabolic curve also formed, starting with a slope of 70 degree running cruise and moved further and steeper than the parabolic advance almost at 80 degree before pricing topped. We could see that that time bubble tops lasted for about 3 months, with a decline taking almost 6 months (June 2016).

However, we can't really utilise this slope degrees to determine where the top is in, but if we see a pullback and then see the parabolic advance turning at higher 80 degree or more, then we should stay alert and assume the final wave up is in play.

My Bets: Parabolic up moves are exciting to ride, but there is the almost certain danger that the rocket will run out of fuel and resulting a rapid collapse of prices.

The question on everyone's lips is now what will SUPERMX price to top.

I believe that a top is not far away....

Huat Huat ARRRR!!! Happy Trading !!!

^^^SUPERMX: TESTING CRUCIAL RESISTANCE 3 TODAY?!!

In my previous review, Supermx is in the last 10 years uptrend rising channel from its low 0,160 (2/3/2009). It has been accurately tracked each trading cycle and even major/minor economic setbacks within these trendlines. We notice that Supermx making almost a full trading cycle around 28 - 30 months before another significant turning point.

On this relative base, within less than 1 month, Supermx has seeing a bullish move breaking making all crucial resistance at 2,42 and 2,65 in Pitchfork analysis for 10Y trend. We see a sharp and impulsive running higher above its current zone last Wednesday before closed at 2,86.

Next target to test today or later next week would be 3,00 level resistance areas which to cap its rebounds.

If the price succeeds in breaking out at 3, a long-term bullish message would be sent from this important index for next leg rally among the glove makers.

Huat Huat ARRRR!! Happy Trading!!!

^^^CAREPLS: TESTING 5Y RESISTANCE!!

Carepls testing the 5-year horizontal resistance line once again today around 0,56-0,60 zone. In case of breakout, the upside target/resistance area is 0,73 and higher 0,92 in 1h chart.

Huat Huat ARRRRR! Stay Well & Happy Trading!

^^BONUS ISSUES MAKE A COME BACK!!

"Rubber glove maker Supermax has a similar reason for its bonus issue as its share price has risen almost 700% to RM6.17 from 81 sen a year ago. As its bonus is one for four, not one for one, the objective is more to reward shareholders who stayed with the company through thick and thin than to reduce its share price."

https://www.theedgemarkets.com/article/bonus-issues-make-comeback

^^^CAREPLS: BULL BACK IN ACTION!! TARGET 0.56!

Carepls uptrend line still intact on the hourly chart. Bull breaks a short term bull flag at 0.440 now. Target 0.56-0.60!!

Happy Trading Stay Well!!!

^^^CAREPLS: HIGHER BASE?!!

Carepls is in the process of building a higher base as part of the inverse (bullish) head/shoulders in 1h chart after hit higher record at 0,475. Strong support back to H/S neckline 0,400-0,430 zone before bull takeover for wave 5 continuation rally. Target to 0.52 region.

Huat Huat ARRR!!! Trade well & Happy Trading!!

^^^SUPERMX: LOSING MOMENTUM??!

Supermx's bull uptrend halted after hits ever record high at 2,53 yesterday before making U-turn downward and closed at 2,34. A bearish dark cloud cover formed that we shall "wait & see" today to double confirm its downtrend signal. That said, which an A-B-C move lower unfolded within the corrective larger wave 4 that to give strong support near Fib retracement ratio of 38,2/50,0 (2,11/2,05) before a bullish continuation takeover into final wave 5.

Huat Huat AAARRR!! Stay Well & Happy TRading!!

^^^COMFORT: GRAVITY BACK IN PLAY??!

Comfort is having trouble overcoming this overstretched resistance line at 1,40 after hitting highest 1,37 yesterday trading.

A larger bearish rising wedge has formed in hourly chart, meaning any break and a drop below the 1,30 level can lead to a strong selldown. Support is at 1,09/1,02 region, where bulls may takeover for continuation of final 5th wave rally.

Huat Huat AARRRRR!! Stay Well & Happy Trading!!

^^^SUPERMX: BULL RIDING ON EXTENDED WAVE! TARGET 2,98?!

We are tracking a big, bullish cycle on Supermx up from middle March lows, with price now unfolding the finishing of extended of the 3rd leg up last Friday. We would not be surprised if to see a deeper correction decline soon, ideally this week which an A-B-C move lower unfolded within the corrective larger wave 4, that to give strong support near Fib retracement ratio of 38,2/50,0 (2,05/2,11) before a bullish continuation takeover into final wave 5.

However, on the other side, a break and a drop below the psychological level 2,00 can lead to a strong selldown.

My Bets: Aiming for final bull wave 5 target to hit 2,98 soon. The EW cycle would take another 18-20 days trading which to see the peak around middle May 2020.

STRONG BUY ON THIS CORRECTION MOVE TO 2,05 - 2,11!!

Huat Huat ARRRR!!! Trade well & Stay Healthy!

^^^COMFORT: A BREAKOUT OF RISING WEDGE??! TARGET 1,38!

We are tracking a big, bullish cycle on Comfort from its ever low 0,600 level, with price now unfolding the finishing of the 3 leg up.

Today morning in 1h chart, we see a fake breakout of its rising wedge at 1,27 level which to probably hit target at 1,38 level, but its failed to hold above after touch n go at 1,31. Would this to breakout again?

However, on the other side, a break and a drop below the 1,20 level can lead to a strong selldown. Support is at 1,09/1,02 region, where bulls may takeover for continuation of final 5th wave rally.

Huat HUat AARRR!!! Trade well! Stay healthy!!