@ hng33, may or may not.

if you reference to Feb 28th - Mar 6th, many also believe that it had hit the bottom for rebound, but Mar 9th sharp drop to less then RM 1.

Closing price :
Feb 28th = 1.24
Feb 29th = 1.29 (rebound ?)
Mar 3rd = 1.27
Mar 4th = 1.28
Mar 5th = 1.26
Mar 6th = 1.22 (bottom ?)

Mar 9th = 0.96

Compare to 16th to 23rd closing :
Mar 16th = 0.7
Mar 17th = 0.755 (rebound ?)
Mar 18th = 0.685 (bottom ?)
Mar 19th = 0.695
Mar 20th = 0.75
Mar 23rd = 0.7 (last traded)

Mar 24th = ? (rebound ?)

yes, agreed for China market will lead for recovery.

However the portion of Europe & US are the markets that the worst have not yet come.
Rest of the world (example Africa, South America..), only started.

However, if I bought one shot when reach bottom => reverse (just example if golden cross at 0.5) and sell one shot at 1.5, in term of % return will be 200%, what it takes just patience to wait & monitor.

@ Aseng,

I just want to reference whether this is workable at this period for hit & run.

I have average 15% gain per month (buy one shot around month end, sell one shot around 20th) from Nov to Feb for Jaks.

Trade zero in Mar for Jaks.

Just wonder if hit & run daily in term of % versus risk is justifiable (I do not have such skill of hng33).

@ hng33, accumulate for Mar, this counter net you are in lose, or gain so far ?

DJ Futures limit down.

-837, -4.4%

Asian markets and Dow futures drop as US Congress fails to move forward on coronavirus bill
Mar 22 10:38pm:
Dow futures fell 5%, hitting the "limit down" maximum allowable limit and halting futures from falling further within minutes after futures trading began Sunday

Oil = 22.65
DJ futures = -848, -4.45%

target price 0.405

@ Miracles, don't forget in the current world, we have Trump, we have outbreak, we have movement control or lock-down, we have Dow Jones, a lot of internal & external factors will influence the price. We are not in the good old day.

@jgb349000, you can just ignore my sharing. whether it translate to reality or not, it is my investment, nothing to do with you.

@ Trouble Huat, you miss one more round today, haha.

@ AdCool, from Tue opening 1.3, if can climb to 1.7, already have 30%. That's is good enough for me.

@ investopology, exactly. Give me five !!

the one keep complaint, shall be the one making lose from this counter and getting panic.

@ Trouble Huat,

Definition of death cross = SMA 200 > SMA 50, not EMA.

In the case of Supermax, we called it Golden cross = SMA 50 > SMA 200.

The Golden Cross happened by March 5th, 2020.

Data for your reference :

Mar 4th
SMA 50 = 1.545 < SMA 200 = 1.547

Mar 5th
SMA 50 = 1.551 > SMA 200 = 1.548 => point of Golden Crossover (reverse from downtrend to uptrend)

Mar 20th
SMA 50 = 1.605 > SMA 200 = 1.549 => Gap increase to 0.056. The bigger the gap, the stronger the uptrend.

The golden cross is a technical chart pattern indicating the potential for a major rally.

@ Rainbow0721,

For short term, I mainly refer to the Rainbow multiple moving average to identify whether the price had reach bottom for reversal or whether price had reach the peak for correction.

For long term, I mainly refer to Guppy MMA to identify the counter whether is on uptrend or downtrend.

Other TA indicators that help to provide key references to estimate price movement :

RSI : past 2 days < 30, today reverse to above 30 => reverse trend from bottom.

MFI : Tue when gap down, MFI down from the peak 77 to bottom 52. today it start to move gradually up to 59 => reverse trend from bottom.

Stoch : Wed at lowest 25, today move up to 32. => reverse trend from bottom. Positive crossover since yesterday.

Momentum : yesterday 81, today 87 => reverse trend from bottom. Going to have positive crossover by next week.

OBV : yesterday 354M, today 369M => reverse trend from bottom. Going to have positive crossover by next week.

William : Mon oversold, drop to -99. Today -66 => reverse trend from bottom.

ADI : Tue highest gap 17. Today narrow down to 10 => reverse trend from bottom. Going to have positive crossover by next week.

@ Foker, I am not operator, only a small retail trader, I can only trying to estimate from the price movement, volume, trend.

The operator apparently do not have enough stock to surge. So is trying very hard this few days by pushing the price thru & forte, left hand <=> right hand buy & sell, and hope you guys can sell low to them at 1.4x.

@ AdCool, after Kossan, who will be next ?

Apparently 4 counters manage by same operator, just different priority.

When volume came in, that is pre-alert for gap up.

SMAX volume still consider very low today, only 14M.
It need at least 30M to gap up, so today shall only consider under consolidation stage and collecting low price from retail traders.

It had been collecting layer by layer :

yesterday from 1.41 ~ 1.54 (delta 0.13, 9.2%)
today from 1.43 ~ 1.53 (delta 0.1, delta 6.9%)

We need to compare with the same base :

Harta
lowest this week 5.68 (Tuesday)
highest this week 6.88 (Friday)
Delta this week = 1.2 (21%+)

Top Glove
lowest this week 5.28 (Tuesday)
highest this week 6.27 (Friday)
Delta this week = 0.99 (18%+)

Kossan
lowest this week 4.22 (Tuesday)
highest this week 5.02 (Wednesday)
Delta this week = 0.8 (18%+)

SMAX
lowest this week 1.3 (Tueday)
highest this week 1.62 (Wednesday)
Delta this week = 0.32 (24%) => highest volatility

I am seeing the 4 counters move up/down with identical trend, main different is which counter move first.

Reverse thinking : If Harta lead the surge today, follow by TG, who will be next ?

Top Glove closing shot up +7.17%
Lead by example.

cup and handle next will be higher high

@ bbc99, exactly !!

SMAX = +4.1%
TG = +3.2%
Kossan = +3.2%
Harta = +3.1%

IDSS

RM 109k
Volume 75000 units
Average 1.461

SMAX +2.05%
Kossan +2.1%
Harta +1.4%
TG +1.1%

@jgb349000, are you sure you are in the right counter or buying any SMAX stock ?

any "rebound" is for sell to take profit, not for chase high.

guys, during a super-downtrend, intra-day it will still fluctuate up & down, but if you ONLY look at daily lowest price (instead of intra-day rebound) and link it up as a trend, you will see the REAL trend :

Lowest Price per day :

Feb 26th = 1.34

Feb 27th = 1.28

Feb 29th = 1.19
Mar 2nd = 1.2
Mar 3rd = 1.22
Mar 4th = 1.2
Mar 5th = 1.22

Mar 6th = 1.19

Mar 9th = 1.08
Mar 10th = 1.01
Mar 11th = 1.12 ("rebound"??)
Mar 12th = 1.05

Mar 13th = 0.98
Mar 16th = 0.9

Mar 17th = 0.775
Mar 18th = 0.8

Mar 19th = 0.67

ya loh.

Most worry is bankrupt only, no more "Everyone can fly".

Based on the speed of dropping, 0.05 ~0.07 definitely is an achievable target.

Oil price = 23.02, far below 30 now.

It will be another free fall after 0.5 psychological level broken.

Target price 0.25.

@ Noob Investor, yes, you got it right.

Today's volume only about 11M, the lowest in 6 days, and most of the high transaction volume are actually operator left <=> right hand buy & sell to attract retail traders to sell low.

It is more like accumulating stocks for a surge but lack of retail traders willing to sell low.

If we referred to Jan 21st's surge, volume was 56M, one day before Jan 20th the volume was only 3M.

@AdCool, it is almost the same pattern for TG and SMAX. 2:30pm sell down first, then layer by layer consumed the sell Q.

Harta is the first to rebound this week, in green, +2.9%

Top Glove after result released, in green, +1.7%.

SMAX shall follow up the momentum, -2%.

Kossan was the last to drop during correction, rebound also the slowest, -2.5%.

@Rainbow0721, it already gap down by Mar 17th at opening at 1.3 - 1.35 and operator consumed all the way up.

Mar 18th & Mar 19th is consolidation as price move thru & forte with many high volume transaction left hand sell to right hand in seconds to attract retail traders to sell low.

The probability of the operator want to gap up is much higher then it want to gap down one more time within a week, it looks more like accumulating stocks at low price as insufficient for a surge

@ chief999,

if it gap up, I will read the candlestick pattern, trend chart, TA indicators to decide whether to sell or to hold.

The purpose we buy is to make profit, not fall in love with a single stock.

If knowing there will be a correction after a surge, definitely will need to sell first and buy back.

If there is no sign of correction and it will trend higher high, of course continue to hold.

Sell timely is an Art.

@ Aseng, thumbs up !!

yes. This result actually not yet fully benefit by the outbreak as the cut off is Feb while the outbreak only announced by 2nd half jan.

QoQ up +3.82%
YoY up +9.35%
EPS +17.75

if TG surge, SMAX follow.

it will create more fear & panic then help.

Now :

Jaks = 0.665 (lowest today 0.66)
Revenue = 0.675 (lowest today 0.67)

It is not a coincidence, it move together.

@ Trouble Huat, the operator push up intraday fake rebound to attract people to chase high and immediate sell down to take profit. Operator also do not want to stuck at holding stock at high price.

The impact is when more and more people holding stock at high price, weak holders will get margin call/force sell. The price then gets lower low overtime during a bad market situation. Now even worse, a great recession is coming.

When operator repeat the same tactic, there will be people also repeat the same mistake to chase high and get stuck, so it keep repeat the same cycle by itself, and situation get worse.

So in short, I suggest do not buy, as simple as that.

same meaning as @ Stockhunter85.

it will create more panic then help.

What we can do is patiently accum. together with the operator, waiting for a gap up.

@ mplus123, thanks for the update. We will surely invest when it reach bottom, hope it can rebound back to 1.5x, which is good enough.

every time I read hng33 update for his buy & sell every day, it make me very nervous...I am sharing to him the facts & figures of my observation while I did not buy one unit or sell one unit of Jaks.

@ Aseng, you are too humble.

I learn from sharing, it give me motivation to learn more because my stupid trading skill is poor.

it depends on the operator accumulate enough stock or not.

Thu volume 30M pushed to gap up & sold down

Fri volume 35M sold down

Mon volume 26M sold down

Tue volume 17M buy up from 1.3 to 1.5

Wed volume 15M accum. stocks 1.4x - 1.5x

Thur volume only 4M the whole morning at 1.4x - 1.5x. They need to accum. enough stocks at low price before allow for a surge. Nobody willing to buy high no matter is big or small fish.

@ Aseng, yes totally agreed, give me five.

It is very sad to see a lot of die hard fans stuck at holding stocks at high price with no bullets to buy low or even looking for cut lose.
Blaming sifus also no use.

I am not a sifu but after I sold, I share the TA to alert others, sad thing is nobody read as I am not a sifu.

Top Glove result will release this evening.

The operator is blocking buy Q at 5.75 (yesterday's closing) to accumulate for whoever want to sell low, so it is green.

SMAX will benefit if TG result is good.

The operator continue accumulate SMAX at 1.4x before allow it to surge follow TG.

The whole morning IDSS only short one time and their jobs done for today :

20000 units
RM 30k
Average 1.5

In current market, glove considered very good already vs other counters may already dropped this morning for -5% to -20% :

Harta green
TG green
SMAX -2%+
Kossan 2%+

@ Aseng, if sifu do not know when to sell before super-downtrend, not a real sifu already. Die Hard Fans learnt how to buy, but did not learn when to sell.