@ hng33, this may work by selling high at opening and buy back low at closing to recover your previous contra lose for short-term when the price is volatile intraday.

However, if it start to open low and close lower low, this will end up bigger lose. That's why in the first place my advise is do not rush in to buy during a super-downtrend as we cannot predict it will have the same pattern of intraday fluctuation everyday and during downtrend, it will trend down lower low overtime.

When price crossover SMA 200 at 1.02, it is already a confirm free fall which we should not enter until the downtrend ended, only buy when reverse to uptrend. That is the TA golden rule.

@okdoke, just wait for the downtrend ended, buy only when reverse to uptrend. No rush to buy during downtrend, you will stuck your capital, keep averaging down, force to become a long term investor.

Once we bought 0.07, we need to believe and agree it will reach TP RM 3 as part of the momentum during surge, but I will sell at 0.4x.

@ cuhar, welcome. We are on the same boat.

Once the correction done for glove counters, the agenda remain the outbreak and glove will be the first to rebound due to demand > supply.

Supermx will have more rooms to rebound after the correction done.

@wbwanabe, need to compare to the same base :

Kossan
highest last Thur = 5.43
SMA 50 = 4.689 (today's lowest 4.88)

Topglove
highest last Thur = 6.69
SMA 50 = 5.508 (today's lowest 5.9)

Harta
highest last Fri = 6.69
SMA 50 = 5.912 (today's lowest 5.92)

Supermax
highest last Thur = 1.86
SMA 50 = 1.596 (today's lowest 1.53)

You can see that Supermax is the first corrected to below SMA 50 by today.
Follow by Harta at SMA 50.

Top Glove & Kossan is still traded above SMA 50, more room to press down the price.

@ hng33, now the only industry still on uptrend is Grove.
Last Fri and today is having some correction from the peak, foresee will be the only industry that will be on uptrend during the outbreak.

1.51 to 1.6 will be good price to collect during correction.
However if break below 1.51 will have risk as correction overdone.

3 layers support :

SMA 50 = 1.597
SMA 200 = 1.552
SMA 90 = 1.511

It is a healthy correction for glove counters after hit the peak by last Thursday.
Corrections will take few days to reach its support level, before it surge again.

Glove counters are still on uptrend.

only another 3 cents will reach TP

Lowest touch 0.1.
My apology as it drop faster then my estimation.

that's why no rush to buy.
the great recession just started, it will last for months.

any technical rebound is only that big fishes want to escape and transfer the burden to retailers to hold.

IDSS short sell this morning :

Harta RM 2.85 mil
TG RM 1.25 mil
SMAX RM 370k

DJ bear market normally last for 200 days+ to one year based on previous statistical data.

Any smart investors shall already sold at high price by Feb and waiting for bottom fishing.

Only left Die Hard Fans support at bottleneck.

more & more countries now close borders, no in and out.
the situation is worst then 2008 crisis.

stocks traded in high price by Feb is for big fishes to escape and by Mar, retailers take over the burden.

FED cut to zero rate so fast will only create more fear to the public as it means a great recession is coming.

no sifus today provide guidance and leadership ?

Any update for the power plant ?

Glove counters are still on uptrend, with recent corrections only
It is hardly can find stock in Bursa still on uptrend.

Lets target 0.405 = year 2018's lowest.

repeated same tactic to trap in retailers to chase high => cut lose low again.

IDSS short sell RM 4.57 mil at 0.79.

1.5x will be the support.

IDSS only sold 2 times :

early morning 100000 units x 1.66 = RM 166k

accum. until now 165000 units x 1.652 = RM 272k+.

actually not much compared to last week.

mainly attack Harta today.

The peak was last Thur, and correction started last Friday (lowest 1.58).

Correction takes few days before it rebound. refer to early Feb, mid-Feb, early-Mar correction.

I am actually the one who learn a lot by sharing in this forum.

those sifu asked u to buy is because they want to sell.

I am holding zero Revenue stock after sold 1.4/1.41 last mth, only analyze TA for self-learning and will only buy back at golden crossover, so no conflict of interest.

guys, it is one step away to break below 0.1.

100% buying & holding since Oct'19 making lose.

guys, really no point rush in to buy and cut lose later or keep averaging down.
let the free fall ended, reverse to uptrend then only buy, it takes a period of time to reverse, not by days or hours.

TA Golden Rule : Do Not Catch A Falling Knife

Dow Jones future -1041 points, -4.53%.

The more stimulation package announced by US gov + FED continue cut rate to zero, it create more fear to the stock market for the seriousness of recession.

Take note :

Dow Jones future tonight -1041 points, -4.53%.

DJ will up & down in its extreme, do not too optimistic for one day up as it had officially entered bear market since last week with uncertainty for the impact of the outbreak. FED cut the rate to zero only create more fear.

1) Any technical rebound, sell.
2) Do not hold stock during downtrend.
3) Only buy & hold when the downtrend ended and reverse to uptrend.

+ 1 agreed

@ Rain T, it will still up/down, thru & forte between 0.9x ~ 1.09 within short term.

SMA 200 = 1.06 from a support, now convert to a resistance
next resistance SMA 3 & 5 = 1.09.

Key crossovers below may push down the price further :

1) Once SMA 3 & 5 crossover SMA 200 within short term, trade below RM 1 may become a norm.

2) Another significant crossover is SMA 90 & SMA 50. Once SMA 90 > SMA 50, a significant drop may happen.

Current SMA 90 = 1.256 (currently flat)
CUrrent SMA 50 = 1.328 (currently trending down, -0.01 per day)

Officially DJ already in bear market start from this week. It will last at least months before in turn back to bull market.

DJ will up & down +/-1000 points and it will become a norm for such extreme fluctuation.

It will benefit day trader / contra player / IDSS for such extreme movement daily.

If you are still holding stock, any technical rebound due to external positive factors, sell first, as during downtrend, it will only trend down lower low overtime.

Officially DJ in bear market this week and it will last for at least until year end before it turn back to bull market.

It will be fluctuate up & down within short term to its extreme and +/- 1000 points will become a norm.

It's time for us to collect low before it turn to bull after months.

guys, please do not attack Sardin anymore, we need him in this critical turn around time.

If buy at 0.07 :

0.14 = 100% profit
0.21 = 200% profit
0.28 = 300% profit
0.35 = 400% profit
0.42 = 500% profit within a year which is good enough, no greedy for 0.6.

Hope the German turn around story can happen one more time, repeat the same format is enough, after we buy at 0.07.
We definitely need Sardin to promote the stock like what had been done last year which is a fabulous job.

@ Ladiesman217, everyone can have their own opinions to invest, some are lucky to choose the right industry to invest at the right time, some miss the opportunities, some just so unlucky investing in Aviation, O & G and have to cut lose.

You maybe right that gov may stimulate economy for construction projects during recession which is a good point.

My targets are more towards tech stocks for long term.

@ Mabel, thks.

It is a long waiting from Nov to Mar.

Hope the target price of 0.07 will reach within 3 weeks per estimation.

Every 100 lots I sold at 0.4x last year, I can buy back 600 lots at 0.07.

Patience, Discipline, Free Capital available are the keys to make profits.

@Rf888,

for long term, we need to ride with future trend : 5G, E-wallet, AI relevant companies...
for current, glove counters are the survivor during outbreak period.

avoid : Aviation, Oil & Gas, Construction, Properties...

guys, here is some TA observations for reference :

1) A Death Crossover by Mar 9th, 2020 Monday
SMA 200 > SMA 90 => price drop from 0.165 (highest) to 0.13 (lowest).

The last golden crossover was SMA 90 > SMA 200 by May 30th, 2019, a beginning of uptrend since then and price surge up all the way from 0.19 to highest 0.475 by Nov 8th, 2019.

This week Monday Mar 9th, 2020, SMA 200 for the first time crossover > SMA 90, this Death Crossover is totally opposite to the golden crossover last year. It is a significant milestone to expedite the current downtrend.

2) SMA 200 start to trend down by today Mar 13th, Black Friday.
SMA 200 had been on uptrend since Jul 1st, 2019 and stagnant (flat) since Feb 28th, 2020.
Today is the first time SMA 200 trending down => lowest price today = 0.11.
It is an important bearish signal that all the SMAs, be it short term or long term, all (SMA 3 to SMA 200) are on downtrend, it is a super bearish signal.

3) All the SMAs (3 days to 200 days) all are steeply downwards with clear segregation of each line & with no overlapping. The direction is clearly toward south and with no sign of reversal or rebound.
Within this month the price shall reach < 0.1 unless there is an exceptional & unexpected super good news to be announced.

If we take the last downtrend as reference :

Nov 26th, 2018, lowest price = 0.11 => equivalent to today's lowest
Dec 10th, 2018, lowest price = 0.095 => interval about 2 weeks from 0.11 to 0.095
Dec 17th, 2018, lowest price = 0.07 => interval about 1 week from 0.095 to 0.07

Dec 31st, 2018, lowest price = 0.075 => interval about 2 weeks rebound from 0.07 to 0.075 (have 2 weeks window to buy at bottom 0.07/0.08)

Feb 11th, 2019, highest price = 0.115 => interval about 1 month+ rebound to above > 0.1 (total have two months window to buy at < 0.1)

Jun 24th, 2019, highest price = 0.26 => interval about 4 months+ rebound > 126% (0.115 to 0.26)

Nov 4th, 2019, highest price = 0.475 => interval about 4 months+ rebound another > 80% (0.26 to 0.475)

Summary:

Total lead-time needed from 0.11 (lowest) to 0.07 (lowest) = 21 days (3 weeks).
Total rebound from 0.07 to 0.475 = 578%
Total lead-time needed from 0.07 to 0.475 = around 11 months.

Target 0.07 will reach by first week of April if there is no exceptional & unexpected super good news to be announced.

@ImCK, it doesn't matter is 7 months or 2 years, as long the outbreak not over (reference to WHO), glove price will continue rally as demand > supply.

We just need to monitor the status closely so that we do not hold glove stocks until the outbreak is over, as price will drop back. We use SARS as a reference as that was the time Glove stock surge, but after SARS was over, price dropped back from the peak.

Dow Jones future +1110, +5.26%.
Actually nowadays people do not only reference to last night DJ actual index, futures also influence Asian markets.

If Fri DJ up but Mon DJ future down, Asian markets by Mon will likely impact by Mon DJ future.
Dow Jones already declared the bull is over, and this week officially is beginning of bear market.

Glove may be is the only industry can survive and still on uptrend during this period due to the outbreak.

We are here still estimating how much more the glove stock price can up and when is the golden crossover.
Other stocks are still trading below SMA 200 and impact by death crossover.

@ chief999, yes you are right.

we need to reference to SARS, the outbreak is short term, so don't hold the stock long term until the price drop from peak.

@ wbwanabe, tks for yr good words, I learnt from sharing to educate myself as well.

First you have to understand the situation that smax : Since it reach its peak by July, 2018, most of the time, smax was traded below SMA 90 & SMA 200 in bearish trend.

Only recently by Jan 20th, 2020, it start to surge due to outbreak and this is not the IBs expected when they release the CW. The near term CW going to expire by end Mar, Macquarie maybe more worry then you as the outbreak is not going to end within this month and the glove demand will continue > supply. Although they may influence the price to minimize lose, I would say 1.5x will be the support even during price correction like today at 1.58.

During golden crossover, the price will be in uptrend.

1) The first crossover was near term MMA (SMA 3 - SMA 12) crossing SMA 50 by Jan 21st, price surge up from 1.3x to 1.9x (Jan 28th).

2) The second crossover was Mar 4th, SMA 50 crossover SMA 200, price surge up from 1.5x to 1.8x (Mar 12th).

3) Expected the next Crossover SMA 90 > SMA 200 will be within short term.
Current SMA 200 = 1.552
Current SMA 90 = 1.509
Delta only 0.043 while both long term SMA moving upward, SMA 90 move faster then SMA 200.
Once cross, expect another surge (after current correction done).

However, the outbreak will not last forever. Once the outbreak over and the glove demand < supply, price will drop back from peak. Those CWs (example C82 at 2.2 expire Dec), Macquarie may still gain to cover any short term lose.

The judgement should be what is the exercise price, expiry date and whether it is still within the outbreak period where glove demand > supply.

I personally do not buy CWs, the risk is too high.

The last time Revenue stock on downtrend started July 23rd, 2019 and the golden crossover was Oct 11th, 2019, the entire downtrend last for about 3 months. From Oct 11th (lowest 0.91) to Jan 2nd (highest 1.53), it surge for 68% within 3 months.

It looks like each cycle (uptrend or downtrend) for Revenue is about 3 months.

This round if we consider Feb 18th (from the peak of 1.45) was the start for downtrend, take the same time-frame as reference, the golden crossover may happen by May, whereby the outbreak expected to be over due to Summer season.

Based on the experience from SARS, once the outbreak over, worldwide stock markets will be booming from bottom.

Oil price and political issues shall also be settled by then.

Patience, Discipline, Free capital available is the key to make profits.

No matter how I read the chart, it is bottomless.

Q1 result not yet even release already traded at 0.79 - 0.82 level.

60 cents may be the target price when Q1 result release.

Now a lot of "ghost planes" flying with no passengers.

Bursa is trading at year 2010's level, back to 10 years ago.

The price may consolidate at current level 1.98 (SMA 90) ~ 2.17 (SMA 50).