Show just started, more trading days to come. Sit tight.

@samurai_rising : Not necessary K1 will copy HLT pattern, but it's for short and medium term investment. This counter is not for IDSS and contra play. After it reach RM 1.00 is a different ball game. IMHO, the big's boy is collecting the share's at the moment and don't expect any big push.

Hi Guys, Good Morning,

I'm new to K1 forum's but I have been monitoring this counter since middle of June because I have invest in Careplus & HLT. Off late, I have started to invest in K1 when the price is around 0.41~0.49 and I also do some TA for this counter lately to share and help those to understand the current price trend.

K1 at the moment is behaving the same pattern of uptrend movement like Careplus and HLT, slow and steady, and eventually it will reach my TP that I have forecast on my 03/08/2020 posting.

All of us need is to stay focus and be patient.

Recap of my last posting :

Base on Thursday daily chart shown that RSI is flat @ 61.69% ("buy" signal) and Stochastic %K (70.27%) and %D (56.6%) and the %D cut over %K since 22/07/2020 ("buy" signal).

Candle Stick show uptrend since 22/07/2020 and cut over SMA20 line @ 28/07/2020 and the low price is getting higher's day by day. It's a good sign.

Parabolic shown up-ward for the last 2 trading days.

So base on my TA analysis on wave analysis, K1 has form a new wave that is W1-3 and at the moment it will be in uptrend mode. The Pivot Point @ 0.4655 is broken, then the uptrend is confirm and the TP1-0.865, TP2-1.177 & TP3-1.37.

Base on Thursday Closing the Resistance Price @ 0.555 & 0.70 and the Support Price @ 0.375 & 0.15. (Please take note the Pivot Point, Resistance and Support Price changes everyday base on the movement of the price)

For info, K1 started the move on W1-1 @ 0.09 (19/03/20) and move up to 0.595 (02/06/20) and it took +/- 48 trading days and the W1-2 @ 0.595 (02/06/20) and move down to 0.36 (22/07/20) and it took +/- 33 trading days. So can assume that it will take more or less the amount of trading days to acheive the TP.

So, please take note that TA is just a tools for us to make a decision either to "enter" or "exit" the market, but not a call to "BUY" or SELL" and it is not for IDSS and Contra play.

I hope with my little bit of analysis, it will help you all to make a better decision or judgement accordingly..

Happy Trading hope all made a wise decision. Good Luck and "Stay Safe".

Hi Guys,

Watch out for afternoon session, it will fly to limit-up, Ha, Ha, Ha.!

Hi Guys,

Wave 1-4 will start anytime and the S1-1.97 & S2-1.49

Trade Carefully. Just a piece of advice.

Happy Trading & "STAY SAFE"

Hi Guys,

TP1 - 1.35 (Done - 29/07/2020)
TP2 - 1.80 (Done - 03/08/2020)
TP3 - 2.08 (Done - 04/08/2020)

Happy Trading & "STAY SAFE"!

Once HLT limit-up, fund will switch to K1.

Hi Guys,

TP1 - 1.35 (Done - 29/07/2020)
TP2 - 1.80 (Done - 03/08/2020)
TP3 - 2.08

Happy Trading & "STAY SAFE"!

So Thursday closing price is 0.47 up 0.045 from Wednesday closing price @ 0.425, but the high is 0.505 and low is 0.43.

Base on Thursday daily chart shown that RSI is flat @ 61.69% ("buy" signal) and Stochastic %K (70.27%) and %D (56.6%) and the %D cut over %K since 22/07/2020 ("buy" signal).

Candle Stick show uptrend since 22/07/2020 and cut over SMA20 line @ 28/07/2020 and the low price is getting higher's day by day. It's a good sign.

Parabolic shown up-ward for the last 2 trading days.

So base on my TA analysis on wave analysis, K1 has form a new wave that is W1-3 and at the moment it will be in uptrend mode. The Pivot Point @ 0.4655 is broken, then the uptrend is confirm and the TP1-0.865, TP2-1.177 & TP3-1.37.

Base on Thursday Closing the Resistance Price @ 0.555 & 0.70 and the Support Price @ 0.375 & 0.15. (Please take note the Pivot Point, Resistance and Support Price changes everyday base on the movement of the price)

For info, K1 started the move on W1-1 @ 0.09 (19/03/20) and move up to 0.595 (02/06/20) and it took +/- 48 trading days and the W1-2 @ 0.595 (02/06/20) and move down to 0.36 (22/07/20) and it took +/- 33 trading days. So can assume that it will take more or less the amount of trading days to acheive the TP.

So, please take note that TA is just a tools for us to make a decision either to "enter" or "exit" the market, but not a call to "BUY" or SELL" and it is not for IDSS and Contra play.

I hope with my little bit of analysis, it will help you all to make a better decision or judgement accordingly..

Happy Trading hope all made a wise decision. Good Luck and "Stay Safe".

Latest news, Sabah state assembly dissolved, pave way for elections.

Latest news, Sabah state assembly dissolved, pave way for elections.

@midzurll19 : Still in W1-3-5.

In my last posting, i did mention this wave will be a very powerful wave before W1-4.

@midzurll19 : Still in W1-3-5.

@Jc5588 : IMHO consolidation phase will start very soon. That is my opinion. Not a "Buy" of "Sell".

Happy Trading and "STAY SAFE"

Hi Guys,

TP1 - 2.22 (Done, 23/07/2020)
TP2 - 2.918 (Done, 27/07/2020)
TP3 - 3.35 (Done, 30/07/2020)

Happy Trading & "STAY SAFE"!

@Masin : Looking at the daily charts is shown a mix picture and IMHO I expect tomorrow morning the price will surge upwards for a short period of time and after that the price will be in consolidation mode and the support will be TP1-1.21 & TP2-1.01 before it start to move upward to TP2-1.80 and TP3-2.08.

If you monitor the last hour of trade, the big boy's is trying to push the price to limit-up but it fail and the price move down 1.38 and eventually it close @ 1.35.

Just be a bit careful because tomorrow is the last trading day of the month before a long weekend, anything can happen during this period.

For Info, I'm still holding HLT and Careplus in my portfolio. I will not sell until it reach my TP.

Happy Trading, "STAY SAFE"

@midzurll19 : @ RM 0.61 + (0.735 (1.01-0.275) x 100%) = 1.345 (Roundup 1.35)

@midzurll19 : Fibonacci TP1-100%, TP2-161.8% & TP3-200%

Hi Guys,

TP1 - 1.35 (Done - 29/07/2020)
TP2 - 1.80
TP3 - 2.08

Happy Trading & "STAY SAFE"!

Hi Guys,

TP1 - 1.35
TP2 - 1.80
TP3 - 2.08

Happy Trading & "STAY SAFE"!

@bowman: HLT uptrend since 17/07/2020 and it move slow and steady and according to TA it's moving towards the TP.

I think it will close +RM 1.00 today.

Don't worry, Careplus will close above RM 3.00. Be patient!

HLT half-day chart look very positive, should continue on the uptrend. TP1- 1.345, TP2-1.799 & TP3-2.08.

Happy Trading & "STAY SAFE"

Hi Guys,

TP1 - 2.22 (Done, 23/07/2020)
TP2 - 2.918 (Done, 27/07/2020)
TP3 - 3.35

Happy Trading & "STAY SAFE"!

The Group recorded a revenue of approximately RM118.9 million for the quarter ended 30 June
2020, which is 37% higher than the revenue in the corresponding quarter last year. The Group's
revenue has increased on the back of higher selling price and better capacity output.

The Group's PBT and profits attributable to owners of the Company has improved significantly by
1,864% and 1,947% respectively which were contributed by:

1. Higher glove sales, higher utilisation rate and higher selling prices as a result of surge in
demand due to the COVID-19 pandemic.

2. One-off adjustment to recognise the gain from the disposal of 50% equity interest in
Careplus M shares for the Joint Venture with Ansell amounting to RM15.4 million. This
Joint Venture was completed on 14th May 2020 in Quarter 2.

3. Profit attributable to owners included Careplus M revenue of RM63 million and profit of
RM2.1 million which was achieved during the pre-joint venture period from 1st January
2020 until 14th May 2020.

The revenue and profits from Careplus M from 15th May 2020 until 30th June 2020 were
RM25.9 million and RM886,000 respectively. Subsequent to this quarter, Careplus M
accounts will be de-consolidated from the Group to comply with relevant accounting
standards. The Group will only be sharing 50% of profits from this joint venture entity.

The Group recorded a revenue increase of approximately RM51.5 million during the quarter ended
30 June 2020, an increase of 30% against the revenue in the corresponding quarter last year. This
is mainly due to sudden surge on selling prices arising from the surge in demands due to the Covid19 pandemic.

The profits have increased significantly as a result of higher sales volume, average selling price
and better production efficiency. It included a one-off gain of RM15.4 million from the disposal of
50% equity interest in Careplus M shares for the Joint Venture with Ansell.

The global pandemic caused by the Covid-19 virus have created an exponential increase in demand for medical gloves which have benefited many manufacturers including Careplus. The average selling prices have surged during the pandemic period which is expected to continue until vaccines have been developed and administered globally. The Group therefore expects strong positive results in this pandemic period and beyond. The overall business prospects continue to remain good.

Careglove sales outside of Brazil have increased significantly while the Brazilian sales have also
turned around significantly with better margins. While spot average selling price (ASP) remain high,
the ASP for regular buyers is expected to increase in the coming quarter barring any significant
change to current shortage of supply. The COVID-19 pandemic has accelerated our plan to increase the production capacity for the Group subsidiaries.

By end of this year, ten (10) new production lines will be installed and commissioned. Another
thirteen (13) new production lines will be installed and commissioned during 2021. This will nearly
double the total production capacity from 4.1 billion pcs to about 8.8 billion pcs by end of 2021
barring any interruption. The Group will have a total of 50 production lines by end of 2021.

The following are exciting developments to strengthen the future and prospects of our business.

a. Conversion of our existing dormant warehouse building in Factory 2 to become a production
plant. This will add another six (6) new production lines with an annual capacity of 1.08 billion
pcs gloves per annum. Total estimated capex cost is RM31.5 million. This project will be
operated and owned by Rubbercare, a wholly owned subsidiary. The development costs will
be financed via internally generated fund and/or bank borrowings.

b. Purchase of Centro Heights Sdn Bhd (“Centro”), which owns a budget hotel and an adjoining
shoplot in Senawang to become a worker’s hostel. Centro will be 90% owned by the Group
and 10% owned by Mr Tang Kin San who will manage the hostel and provide other ancillary
services required by the Group. Mr Tang will have the option to buy over another 20%
shareholding from the Group within 5 years period. The Group plans to centralize the
management of all workers accommodation, welfare and regulatory compliance under Centro.

@midzurll19: Be patience, once the mother's share hit the first TP1-1.37, the son's will follow through.

@midzurll19: since you are still holding the son's, it's still got time for you to convert them to mother's, and still got time to sell at higher price. If, i'm not mistaken, it take 2 weeks for the conversion from today.

@midzurll19 & @Masin : When the price is on the uptrend, the big boy's and the shark's will concentrate on the mother share first, once the uptrend is over, the shark's will only look into the warrant and start accumulate them and straight convert them to mother share's and wait for the next uptrend circle. That how the shark's make all the profit.

The Retailer's is selling and the shark is buying. Look at the movement for the last hour. Happy Trading & "STAY SAFE"

AnnH : Relax! The show will start in 10 min time. Stay tune!

This time is real!

Hold tight-tight!

Relax! The show just started. Watch the show!

Uptrend has started.

@midzurll19 : The reason Careplus move is due to rumours that the QR will be end of this month (that is next week) and expect to make NP of +/- RM 25M, and also most of the indicator is showing positive sign plus 3 continuously shooting star candlestick formation from Monday to Wednesday.

Coming back to HLT, all the TA indicators is also showing positive sign, so it's just a matter of time HLT will push to TP1-1.345, TP2-1.799 & TP3-2.08. Looking on the last 3 days and today, the price movement is slow and steady. I hope the price movement maintain it's momentum. Let hope for the best.

I'm still holding position in Careplus & HLT.

Happy Trading & 'STAY SAFE"!

Hi Guys,

TP1 - 2.22 (Done, 23/07/2020)
TP2 - 2.918
TP3 - 3.35

Happy Trading & "STAY SAFE"!

Also take note, the 1st resistance is @ 1.84 follow by 2.26

Today opening price gap down @1.75 is a good sign, if today close @ 1.87 and above and the candlestick will form a bullish engulfing pattern, then it on the way to TP1 - 2.22, TP2 - 2.918 & TP3 - 3.35. That is my opinion. Happy Trading!

So Today closing price is 0.73 up 0.075 from Monday closing price @ 0.665, but the high is 0.825 and low is 0.66.

Base on Today daily chart shown that RSI is ticking upwards from yesterday @ 59.2% ("buy" signal) and Stochastic %K (61.9%) move upward and cut over the %D (59.1%) ("buy" signal).

Candle Stick show uptrend since 29/06/2020 and cut over SMA20 line and the low price is getting higher's day by day. It's a good sign.

Parabolic shown up-ward for the last 7 trading days.

So base on my TA analysis on wave analysis, HLT has form a new wave that is W1-3 and at the moment it will be in uptrend mode. Today the Pivot Point @ 0.725 is broken, then the uptrend is confirm and the TP1-1.345, TP2-1.799 & TP3-2.08.

Base on Today Closing the Resistance Price @ 0.82, 0.91 & 0.995 and the Support Price @ 0.645 & 0.56. (Please take note the Pivot Point, Resistance and Support Price changes everyday base on the movement of the price)

For info, HLT started the move on W1-1 @ 0.10 (17/03/20) and move up to 1.01 (02/06/20) and it took +/- 42 trading days and the W1-2 @ 1.01 (02/06/20) and move down to 0.61 (18/06/20) and it took +/- 12 trading days. So I can assume that it will take more or less the amount of trading days to acheive the TP.

So, please take note that TA is just a tools for us to make a decision either to "enter" or "exit" the market, but not a call to "BUY" or SELL" and it is not for IDSS and Contra play.

I hope with my little bit of analysis, it will help you all to make a better decision or judgement accordingly..

Happy Trading hope all made a wise decision. Good Luck and "Stay Safe". Good Night!

HLT already cross over the Pivot Point, the show started already. Hold tight, all thw way to the TP

@I3ryan : Nothing much changes and HLT is doing side-way movement and the TA is still stay since my last posting. Happy Trading!

Here are the 7 of 7 sacred rules of successful trading to help your paddling.

7. Keep Trading In Perspective

Keep the bigger picture context in mind when trading.

Put what you see in perspective with the broad market, or the fundamentals, or even the current affairs influencing your market.

Know also that losing trades are necessary for you to have winning trades.

Having realistic expectations is a very big part of this as well.

Once you understand this, you will be less emotionally affected by trading wins and losses.

Winning and losing days won’t affect your moods so you can focus on other aspects of your life.

Yes, there is more to life than just successful trading.

Remember that.

“You will never find fulfillment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.” – Yvan Byeajee

Here are the 6 of 7 sacred rules of successful trading to help your paddling.

6. Know When NOT To Trade (There are 2 reasons NOT to trade)

1) An Ineffective Trading Plan

This means that the trading plan you have is not suitable for generating profits in the current market environment.

It could be due to changes in market volatility or market trend.

Whatever the reason, if your trading plan is not generating profit in the current environment, take time to review your trades and re-evaluate your plan, determine if it’s just due to a temporary volatility change in the market or likely a permanent change in the markets.

It might require a few simple tweaks to become profitable again, it could require an overhaul, or simply waiting for a suitable market environment to return then resume trading again.

Either way, it’s just part of the business.

2) An Ineffective Trader

This refers to a trader who is unable to follow the trading plan.

Be it due to extenuating circumstances or emotional turmoil or just ill-discipline, all these can cause a trader to be unable to follow his trading plan.

The trader should stop trading until the external stresses have been resolved, and he takes care of his internal challenges.

When the trader is once again able to follow a trading plan, then continue the trading business.

“If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.” – Bill Lipschutz

Here are the 5 of 7 sacred rules of successful trading to help your paddling.

5. Protect Your Trading Capital

While this might seem to be a lesser consideration, since you should only trade with money you can afford to lose.

It doesn’t mean you should have to go through the ordeal of losing your trading capital.
(Your trading capital should be money, that if lost, would not greatly impact your current lifestyle.)

This will allow you to the have the peace of mind to make objective trading decisions, without being subject to fear or greed triggered by risking your trading capital.

This is also not the same as never having a losing trade.

Losing trades are part of the business, you can never avoid them.

But you should make an effort to ensure that these losing trades don’t cause lasting damage to your trading capital.

So make sure you’re risking the right amount per trade, for yourself and your trading capital.

“I’m always thinking about losing money as opposed to making money. Don’t focus on making money, focus on protecting what you have” – Paul Tudor Jones

Here are the 4 of 7 sacred rules of successful trading to help your paddling.

4. Leverage on Technology.

There’s no reason for you not to, technology has permeated every aspect of our lives, the financial markets as well.

Even if you are a discretionary trader, you need to get every edge you can, to boost up your business.

There are so many ways that technology can contribute to successful trading.

Be it in terms of back testing a strategy idea, or building a better scanner for you to find market opportunities, a robot to help you manage trades while you sleep, or if you can reduce your trading method into an algorithm which trades for you, there are many ways in which technology can help you as a trader.

While I won’t go so far as to say that we can wholly trade full-time from from our hand phones, but we certainly can monitor our positions while we’re on the go with them.

And we certainly can trade from a laptop anywhere in the World with a fast stable internet.

"You can be free. You can live and work anywhere in the world. You can be independent from routine and not answer to anybody". - Alexander Elder

@newbee : Yesterday daily chart show that Parabolic Stop and Reversal has turn positive and I believe the downtrend is over. That is my opinion!

@newbee : It need to be above the Pivot Point 0.74 to continue the uptrend circle.

Happy Trading & "STAY SAFE"

Here are the 3 of 7 sacred rules of successful trading to help your paddling.

3. Become A Student Of The Markets

This is going to be a lifelong learning experience.

The markets will evolve over time, you have to learn to adapt to the changing landscape if you want any longevity in this business.

Even if you are executing based on a consistent methodology, there will be distinctions which separate the great setups from the bad setups.

It will take a long time for you to identify these distinctions, understand them, and knowing where they are best applied.

“Do not be embarrassed by your failures, learn from them and start again.” – Richard Branson