@ chief999, I totally agreed.

All the "good news" created past one week was to form a fake "rebound" for those big guys to escape before a major crash to bottom.

now another fake volume created at 1.58.

1.62 is a fake volume. there was one transaction just now almost 300000 units.
it just create fake demand at 1.62 for retailers to buy at 1.63.

if reference to last correction Mar 16th, it sharp drop to 1.51.

upto 4pm, the volume only 6 mil+ only, not even the regular day's volume.

Tomorrow expect a sharp drop.

Europe markets opened in red today.

DJ future drop -3%, Asian major markets follow the drops in afternoon session.

@ icepumpkin, patience only can win the battle. operator also want to sell high, if drop too fast will impact their profits.

Harta - 0.43%
TG -1.55%
Kossan -0.58%
SMAX -0.59%

looks like operator blocking 1.68 and slowly sell to retailer who willing to buy high.

the whole morning volume only 2.1 mil, calm before the storm.

Asia markets, Dow futures fall after the index finishes its worst month since October 2008

SMA 200 = 1.54

Patiently wait for the correction finish then only enter to buy back low.

Harta will be the only exception among glove counters (perhaps among Bursa), it keep breaking new high throughout the outbreak period in Q1. Kossan & TG this round rebound considered under performed as did not break previous high.

If we zoom in (last rebound mid-Mar => end-Mar) :

SMAX => highest = 1.78, lowest = 1.3, volatile = 36%

Harta => highest = 7.06, lowest = 5.68, volatile = 24%

Kossan => highest = 5.22, lowest = 4.22, volatile = 23%

TG => highest = 6.5, lowest = 5.28, volatile = 23%

SMAX consider high volatility counter although not able to break RM 2.
Reason that most traders cannot "feel" that the rebound is actually 36% in March, it is due to the entry point & exit point, either buy too early during correction or sell too early when rebound.

Hope this round can have more patience to maximize profit.

surprise, close at 0.115, dead cat rebound..

guys, if we reference to last correction (with IDSS) :

Day # 1 Mar 12th, high = 1.86, low = 1.77
Day # 2 Mar 13th, high = 1.75, low = 1.58
Day # 3 Mar 16th, high = 1.71, low = 1.51
Day # 4 Mar 17th, high = 1.52, low = 1.30

versus current correction (without IDSS) :

Day # 1 Mar 30th, high = 1.78, low = 1.68
Day # 2 Mar 31st, high = 1.77, low = 1.67

hopefully next 2 days the correction can be done and reverse for another surge.
prepare your bullets to buy back low.

@ Aseng,

I am myself, not anybody else, TQ.
If you admire DK66, you can image yourself as DK66, I am fine for that.

I sincerely appreciate DK66 share the info of Jaks to push the price up last month.

@WilliamUsana, if you miss the last boat, catch the next boat lah, now is waiting for this round's correction done only, correction just started this week.

@WilliamUsana, I am here for few weeks already, haha!

@chief999, TQ, we are on same boat.

@ icepumpkin,

SMA 200 = 1.546 suppose to be a strong support.
However Mar 17th SMA 200 broken once (which will cause ppl lose confidence and panic sell like many other non-Glove counters).

The reason it still able to trade above SMA 200 again after Mar 26th is because this is a Glove counter.

To play safe, do not sailang if reach 1.5x, 4 layers support :

SMA 200 = 1.54
SMA 90 = 1.52
Mar 23rd closing = 1.4
Mar 17th opening = 1.3

Currently the big fish is thru & forte release stock to retail traders, just patiently wait.

@ Aseng, salute.

If my sharing in Supermax offence you, I am sorry, TQ.

@ Aseng, welcome to Glove.

You can read all my comments for Supermax when it had corrections 2 weeks ago (I remember I invited you to invest in Glove at the time) and up-to this week it had reached its peak, and now a beginning for another correction.

My only intention to share is it give me motivation to learn, whether you believe or not to believe really not my concern, my objective is to make profit only.

@icepumpkin, TQ. I think I had been sharing in Revenue counter for what price I sold for the purpose to alert you guys to run fast before too late as there was a massive downtrend from 1.4 to below RM 1, one month ago.

with IDSS, big fish one shot sold their stock at high price and IDSS press down the price further for big fish to collect back at low price.

without IDSS, big fish afraid sell too soon and price drop too fast, have to attract retailers who are willing to buy high, and layer by layer slowly sell.

need extra patience to wait for buy back.

thru & forte every month 20% - 30% profit is enough, no greedy.

4 layers Supports :

SMA 200 = 1.54
SMA 90 = 1.52
Mar 23rd closing = 1.4
Mar 17th opening = 1.3

SMAX already up from 1.3 (lowest by Mar 17th opening) to 1.78 (highest Mar 30th) = 36% this month.
It is normally to have correction.

No rush to buy back, wait for big fish release their stocks, ride with the trend instead of buy against the trend.

Global stocks and oil fall as investors brace for another wild week in markets

Global markets sank again on Monday as the coronavirus pandemic continued to worsen and after President Donald Trump announced that social distancing measures would be extended at least through April 30.

Good closing today at 0.105 after 4 x consecutive closing at 0.11.

Oil = 20.43, -5.02%

Expect once crude oil price drop below USD 20, KNM shall have significant drop as well.

Most counters after last week's rebound will resume to downtrend this week.

Glove counters will have healthy corrections this week as well. Lead by Harta (that first to break RM 7 ceiling).

If there is no volume to gap up today, most likely this week will start to have corrections.

yes, how could it be having 3 mil people just unemployed this week, potentially the unemployment rate will go up-to 20% of the population
plus this week the # of virus confirmed infection already taking over China's position => became world # 1
and yet the DJ rebound ?

it is only rebound for those big guys to escape and the general public to take over their burden.

@ Aseng, sorry that my only purpose to trade is for profit, not a die hard fans for any single stock. The only reason that I continue follow Jaks & intend to buy back is only because of its volatility, comparatively low in price, low PE and ever let me gain 15% average for consecutive past 4 mths.
I cannot imagine a "value investor" holding a stock all the way to 1.57 never sell and continue hold until 0.6x / 0.7x.

A person sold at 1.5 for every 100 lots can buy back > 200 lots at 0.7.
Maybe this is only a true value investor of one single stock can understand, sorry I am not up to that kind of standard of confidently holding a stock from 1.57 to 0.6x / 0.7x to profect a belief.

ya, it is my routine to check Revenue's trend chart to decide buy or sell but long time did not read the comments. I am surprise that it is going to reverse to downtrend and yet a lot of traders intend to chase high today, just drop by to give an alert.

uncountable ppl sangkut or cut lose already from last month's 1.57 to 0.6x/0.7x. they are not only bleeding tear, but blood also.

the counters that still on uptrend and no worry for sangkut is Glove only.

@ WilliamUsana, welcome.

Big fish selling on news, releasing stocks at high price to whoever chase high.

The interesting part of KNM is :

It spike up from 0.07 to 0.475 last year without a solid reason (except heavy advertisement of Borsig).

It dropped from 0.475 to 0.085 from Nov to Mar also without a solid reason.

So the formula is : Slowly accumulate when it drop below 0.10 (best 0.05 - 0.07) and wait for Borsig advertisement coming back.

So today's closing also 0.11, consecutively 4 days close at 0.11.
Yesterday and today's candlestick both are gravestone.

With all the good news released out this week, next week expected downtrend resume.

I never give up Jaks after sold at 1.4x last month.
Only waiting to buy back only.

when Sardin back to advertise Borsig, we will know it is time going to turn around.

Looks more like releasing stock at 1.68 /1.67 / 1.66 then eating up.

@ hng33, so far for Mar, accumulatively are you making profit for intraday trading for Jaks or only trying to minimize lose ?

@jack pp, based on luck will be 50/50 win/lose already.

the rainbow moving average chart already showed the "rebound" ended & will resume downtrend, the spike to 0.79 today is to trap in more people to chase high so that big fish can release stock at high price only, based on the principle of sell on news.

For 1930's and 2007-2009, the issues and solutions was clear cut.

However for this round, German Chancellor described it as "World War III", whole world fighting with common enemy that cannot be visualized for the first time and do not know how long it takes.

Now is only a start, a lot of people cannot imagine how serious the pains will be.
Some Economist stated that this round will be much more serious then the 2007-2009's great recession, and reference to 1930s' great depression.

During great depression, stock market drop to bottom, cash depreciate to bottom, unemployment rate > 20% and it last for 10 years.

Top Glove seems no power to up.
Before past 2 weeks correction, both TG & Harta same price at peak of 6.69.

Now Harta already breaking new high of RM 7, TG still RM 6.31.

In another words, it means how serious it is for the impact of the outbreak.

This is to maintain basic livings only.

The international reserves of Bank Negara Malaysia amounted to US$104.2 billion as at Jan 31, 2020.

The stimulus package worth more then half of Malaysia's international reserve ?

Sardin gave up already ? He had been asking you guys don't sell for the past 4 months from 0.4x => 0.3x => 0.2x => 0.1x => 0.0x and nobody listen.

We need him after we reloaded at 0.0x, to advertise Borsig, need to reverse the trend.