@ Aseng,

it only takes patience to wait, be it few months or one year and read chart about 15 min. a day. One bullet for a final shoot is enough.

stock will wait for everyone to buy at the bottom, no rush.

Covid-19 pandemic worse than 1997 financial crisis, Mahathir warns

@ joeshare, sifus did not teach when to sell timely before a super-downtrend.

Jaks 0.675
Revenue 0.69

getting closer.

both manage by same operator, same trend.

the risk of force selling and margin call increasing, I wont be surprise will see 0.5x soon for both.

@ Samheong78, during a great recession, nothing is impossible. Now is only a beginning.

@ Aseng,

yes, 40 cents vs 60 cents may not make any difference for you.

however, to me it means 50% premium at 60 cents if I can buy at 40 cents.

remember, do not sailang if you tempted to buy some.

always refer to Jaks price before you buy, Revenue follow Jaks.

yes, only Patience will win the battle.

@ Aseng, totally agreed with you.

A great company need a lot of patience to wait for it to drop to bottom and we will invest from bottom.
The stock will wait for us to buy, it will not bottom up in second, minute, hour or day.

It will stay at bottom for at least one month before rebound.

guys, just take note :

1) SMA 200 for the first time today start to trend down. It is a significant bearish trend.

2) SMA 3, 5, 7, 8, 12 all crossover SMA 200 and toward south.

3) SMA 30, 35, 40 already crossover SMA 90 and toward south.

4) SMA 45, 50 going to crossover SMA 90 this week, toward south.

All the SMAs no matter short term or long term, all towards south.
A perfect storm is forming.

those who have patience will win the battle.

@ WilliamUsana, I believe you already sold at 1.2x, right.

You can buy back double units for just having patience with the price you sold.
It is a waterfall.

guys, unless you have very deep pocket and can endless average down.
keep your capital and wait. No point to rush in to buy.

I had been sharing the TA observations for few weeks already.
If you have doubt of the trend and the accuracy, you may take my previous sharing of Jaks as reference.

@ westho, welcome.

you just need to refer to Jaks, you will know what is next for Revenue.

Revenue price follow Jaks.

Both have same trend.

@ Michael, nobody knows, need to monitor the trend closely, it may take months to identify what price is the point of golden crossover.

Best is do not buy as it is free fall now.
The current best reference is 0.405 (the lowest price of year 2018).

@westho, it will take months for SMA 50 reverse and crossover back to SMA 90/200. Do not buy this stock for timebeing. It will free fall for months.

Trouble Huat, you may google yourself for the differences for SMA vs EMA.

EMA weighted more for short term while SMA weighted more for long term.

@ icepumpkin.

Yes, if you want to know what will be the next for Revenue, refer to Jaks.
Jaks and Revenue traded at same range of price last month.
I had been observed for last one month, both stocks move up & down together, most of the time at same price range by using same tactic to trap in retail traders as well. Most likely it is the same operator manage this 2 counters.

Jaks today traded lowest at 0.675. Yesterday lowest 0.62.

The only different is for Revenue, I had been asking not to buy during downtrend and some follow.
Jaks I do the same, zero follow, it dropped from 1.57 to 0.62 within one month.

@ Aseng, I agreed with you.

The only different is you are holding stock and add more for Jaks.
I hold zero Jaks stock and only will buy when Jaks reach the bottom, at the point it reverse to golden crossover.

The golden rule for TA is :

Buy on uptrend, not downtrend.
Buy on golden crossover, not death crossover.

I follow rule, that's the only different.

@ Robinson, totally agreed with you.

During a super-downtrend, what a trader need to watch up is the trend of lowest price each day, instead of intra-day's fake "rebound".
The trend had never rebound since Feb 20th to now and it is actually trending toward south. Many had under estimate the great recession + outbreak situation that we are in, it may drag for months or even year.

Lowest price per day :

Feb 20th = 1.51
Feb 21st = 1.51

Feb 24th = 1.42
Feb 25th = 1.4
Feb 26th = 1.44

Feb 27th = 1.37

Feb 28th = 1.18
Mar 2nd = 1.19
Mar 3rd = 1.25
Mar 4th = 1.23
Mar 5th = 1.26
Mar 6th = 1.21

Mar 9th = 0.96
Mar 10th = 0.96
Mar 11th = 1.04

Mar 12th = 0.865

Mar 13th = 0.69
Mar 16th = 0.695
Mar 17th = 0.62
Mar 18th = 0.675

@ hng33, I suggest you switch to glove will be easier for intra-day trading, don't fall in love with a single stock during current situation.

Jaks will have another significant drop once SMA 50 crossover < SMA 90 = First Death Crossover, the price may drop to 0.5x based on current trend.

SMA 50 currently 1.296 toward south.
SMA 90 currently 1.278 toward south.
(SMA 50 moving 2x speed faster then SMA 90 downward, will crossover by this week or latest by Mon).

The lowest price per day will only trending lower low overtime during a super-downtrend.

@ Aseng, agreed.

I sold all the counters by Feb and never buy any by March.
I only keep Glove, and conservatively add more during correction last week, and it is still on uptrend.

I am still watching Jaks just for TA analysis purpose to study the super downtrend and price movements & retail traders reaction, I will only buy Jaks when the downtrend ended, reverse with golden crossover which may take months, no rush at all.

Unless a person totally not buying shares for months until all the crisis over, if still want to trade, Glove perhaps is the last man standing.

@ Trouble Huat,

this morning at opening I sold 20% of my holding (from 1.3x, 1.4x) at 1.59 & 1.62.

Just now managed to reload back at 1.45, Q at 1.44 cannot match any.

The sell down by 2:30pm is across all counters, not only glove, and in fact , gloves counters outperform vs. other counters (others closing price drop as much as 5% - 10%) :

Harta = close in green.
SMAX = -1.3%
TG = -1.5%
Kossan = -4%.

I observed the transactions, by late afternoon at 1.45, the operator put in high volume sell Q and within seconds, they consumed the volume by themselves, same to 1.46, 1.47 almost identical pattern, and by closing 4:50pm, 1.48, 1.49, all using same method to match the transaction, right hand buy from left hand. I believe there is not much retail sellers anymore willing to sell low, so the operator have to self create a momentum of rebound from 1.44 to 1.49.

You can see that after closing, the buy Q at 1.49 still have high volume with not much retailers willing to sell.

So with Top Glove release result tomorrow, shall benefits across glove counters this week.

If we compare Jan 21st to 28th and this week, it is almost identical price range :

Jan 21st (low 1.33, high 1.46) vs. Mar 17th (low 1.3, high 1.52)
Jan 22nd (low 1.48, high 1.59) vs. Mar 18th (low 1.44, high 1.62)
Jan 23rd (low 1.48, high 1.58) vs. Mar 19th
Jan 24th (low 1.53, high 1.61) vs. Mar 20th
Jan 28th (low 1.72, high 1.93) vs. Mar 23rd

@ Aseng,

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.

Based on the trend, this week may able to witness 0.5x.

in bear market + great recession, it trend down lower low overtime and it takes months or year for a rebound.

Lowest price by day :

Feb 20th = 1.51
Feb 21st = 1.51

Feb 24th = 1.42
Feb 25th = 1.4
Feb 26th = 1.44

Feb 27th = 1.37

Feb 28th = 1.18
Mar 2nd = 1.19
Mar 3rd = 1.25
Mar 4th = 1.23
Mar 5th = 1.26
Mar 6th = 1.21

Mar 9th = 0.96
Mar 10th = 0.96
Mar 11th = 1.04

Mar 12th = 0.865

Mar 13th = 0.69
Mar 16th = 0.695
Mar 17th = 0.62
Mar 18th = 0.685

ks55, very realistic.

we just ride with the trend, buy during correction, sell when gap up. 25% each around x 5 = 125% within 2 months is good enough.

if a counter keep rally & keep breaking higher high without correction, it is more difficult to find the entry & exit point (most of the time when you enter, it is at the peak & follow by correction).

Many may knows how to buy.
But not many know how to sell on-time.

@AdCool, yes. This is the fifth round since Jan 21st.

@chief999, other counters a lot of "traders" this month being forced to become "long term investors" as holding stocks stuck at high price. It is a sensitive word this month...

guys, worldwide airlines will face the risk of bankruptcy by May onward.

If individual country's government do not rescue the airlines (inclusive each country's Airports, Europe's Airbus, US's Boeing), after May that will be the real challenge if the outbreak is still not over as "Ghost Planes" are flying without passengers.

current price is way too high vs current & next 2 months' situation, the chart is bottomless with no support.

Aviation perhaps is the worst counter to invest by now.

after we bought at 0.05 ~ 0.07, we need to believe it will reach 60 cents, but I will sell by 0.4x.

1.3 to 2.00 is 53%.

guys, lets patiently wait at 0.05 ~0.07.

no point to buy at 0.1 & above.

great recession is coming.

@ hng33, sorry I may have different observations from the TA, just take it for reference.

1) Today SMA 30 & 35, crossover SMA 90, towards south.

2) Today SMA 3, 5, 7, 10, 12, all crossover SMA 200, towards south.

3) SMA 3 = 0.733 already move lower then current price level.

4) Based on yesterday's long green candlestick, today's small body doji with upper tail, it looks more like forming an evening star. You may reference to the candlestick at Mar 10th, 11th, 12th. Identical pattern.

5) RSI, yesterday 22.6, today is 22.2, it is dropping.

6) All the moving averages, be it short or long term, all trending south. Only SMA 200 remain flat for 4 days already, will trend south this week as well.

7) MACD, yesterday was -.158, today is -.167, it is dropping.

8) Dow Jones future -585 points, -2.79%

Dow Jones future -528 points, -2.52%

Oil price = 27.09

The chart all the way to south with no evidence that it will rebound from 0.1.

It is almost the same trend pattern at 0.25, 0.2, 0.15, before a more significant drop, it will hold for awhile at the so called psychological level.

@ chief999, the operator can be a shark who want to earn big. Not necessary IBs but IB may participate.

I take Jan 21st to Jan 29th as example :

Jan 21st = volume 56M, all the way buy up from 1.33 to 1.46
Jan 22nd = volume 81M, all the way buy up from 1.48 to 1.59

Jan 28th = volume 108M, only buy at 1.72 to push up the opening (gap up) & create positive momentum, once retailers all Q in to buy 1.8x to 1.9x, start release stock from 1.93 to 1.86 slowly.

Jan 29th = volume 69M, continue slowly sell from 1.87 until fully released stock accum. from Jan 21st & Jan 22nd, retailers who bought low will follow to take profit at 1.8x to 1.7x.

Jan 30th onwards : price & volume start to reduce to normal range due to retailers taking profits.
Price correct back from 1.8x to 1.5x (up to Feb 20th).

It is important to take profits timely once the price gap up as next will be a correction.

SMAX was the one that being press down the most during correction but is now the one rebound fastest so far.

Kossan was the one slowly being press down during correction, as of now still -1.84% while others already in green.

@chief999, we are on the same boat, lets earn big from SMAX this round. 1.55 now.

For the past 2 hours, IDSS only short :

Qty : 46300 units
RM 71k
Average 1.539.

They bought back 1.53 and their works are done for today.

While the operator is buying up layer by layer (same tactic, same procedure, same process as yesterday) to buy low from retailers from 1.49 to 1.53.

@ cuhar, thx, I am only learning from sharing.

lets make profits together from SMAX.

If top glove up this week due to good result, SMAX will follow.

AdCool, you got it right.

The big guy want to earn big, they need to accumulate enough stock at low price before allow a significant surge.

Most likely it is the same top guy managing the 4 counters together at same strategy.

They are using the same tactic to push the price thru & forte to absorb those retail traders stock at low price. If you can read the intention behind the number, you will know when to buy and when sell to ride with the trend.

The trend is identical to Jan 21st ~ Jan 28th. We can take reference to estimate the price movement for this round :

Jan 21st (low 1.33, high 1.46) - identical to yesterday's trend
Jan 22nd (low 1.48, high 1.59) - identical to today's trend
Jan 23rd (low 1.48, high 1.58)
Jan 24th (low 1.53, high 1.61)
Jan 28th (low 1.72, high 1.93) - gap up and this is the day big guy release stock.

congrats Trouble Huat, within one day 14% profit.

@ jgb349000,

It is absolutely normal to up from 1.3 to .1.62 for 25% to take profit, and buy back low again for another surge.

There are definitely weak holders willing to sell low and operator will be more then happy to collect low, this is a very normal trading, I am surprise you use the word ridiculous. You sure you are in the right counter ?

@ jgb349000, there is no such thing of past 2wks keep pressing.

SMAX had been up 5 x times from Jan 21st to now.

Past 24 hours already up from 1.3 (lowest) to 1.62 (highest) = close to 25%.

Are you at SMAX or you are actually at different counter ?

Operator block 1.56 as they want to collect enough stock at 1.55 before allow it to further surge.
If it fly too fast, operator will end up buying at high price.

They need to collect enough stock from retailers who are willing to sell them low before a surge.

IDSS only short :

RM 25k
Qty 16300 units
Average 1.565

Guys, learnt from the mistake yesterday from those who sold at 1.3x and 1.4x.

Today will open strong, remove your sell Q to allow maximum surge.

Vaccine will take 12 - 18 months to be available.
Meanwhile, we need to buy Glove.