AT traded 590M, top volume in Bursa, equivalent to 39% of the NOSH traded within half day.

0.165 & 0.17 alone traded 402M, equivalent to 27% of NOSH traded within half day.

Warrant stand at top # 5 volume in Bursa.

Hope second half will keep up the momentum for second wave.

second wave shall be for warrant.

current mom price 0.165 - 0.035 = 0.13. vs. warrant now 0.08 => 16% discount (0.05 to go).

almost all counters with top volume are shark playing, we just need to ride with the trend and momentum, take profit timely.

currently all TA indicators are toward north and with positive momentum.

previous 2 resistances (0.095, 0.12) had been breakthrough last Thursday and today.

with the good intention to acquire a glove company to produce medical examination glove, lets hope next 2 resistances (0.15, 0.165) can be achieved by this week.

guys, Pearl Glove produce industrial gloves, however in the press released today, ATS stated clearly as below for its intention to manufacture medical examination gloves :

ATS see this move as a logical expansion in the current environment of burgeoning demand for
gloves and will seek to inject further capital and expertise to manufacture medical examination
nitrile gloves to boost Pearl Glove’s capacity and product suite, post its acquisition.

AT up is due to announcement of acquire glove company, different agenda.

AT will be another glove company once the acquisition done, expecting to contribute for the second wave winter outbreak this year.

The gap up may not be only for tomorrow, it may shoot up like all other Malaysia glove companies, with the lowest share price (0.125) in Bursa.

Sanichi had entered bearish mode.

wait until trend reversal to buy. it may drop back to 0.4 / 0.5 level.

@ traders888, all mobile apps or web based self-trading platform can view the buying & selling volume.

TA indicators :

Stochastic Oscillator, Momentum, ROC already death cross last week.
ADI, MACD death cross today.
OBV going to death cross tomorrow.
RSI, William, MFI moving toward south.

Looks like shark is releasing stocks since last week with high volume + selling down.

closing 0.125 buy Q 168M vs. 0.13 sell Q 90M.
tomorrow opening shall gap up.

AT now top volume in Bursa.

0.12 resistance breakthrough (highest 0.135).
Next resistance 0.15.

NOSH only 1109 M.
yesterday buy volume at 0.1 was > 100M (about 10% of NOSH).

guys,

EMA 5 cross below EMA 20 by May 27th => bearish
SMA 10 cross below SMA 50 by Jun 3rd => double confirm as bearish
SMA 90 going to cross below SMA 200 within next one week => another death cross

it will be on downtrend for this year technically.

apparently 0.11 being blocked and forced retailers to sell at 0.105.

resistance remain 0.12, hope it break by Mon.

Gdex is in Bullish mode and all TA indicators are moving upward.
Today shall have a significant surge.

SMA 50 = 0.253 (up 0.005/day)
SMA 90 = 0.238 (up 0.002/day)
SMA 200 = 0.259 (up 0.001/day)

SMA 50 cross above SMA 90 by June 2nd, a reverse from downtrend to upreend.

SMA 50 going to cross over SMA 200 by next week, a golden cross will form for long term uptrend.

this morning at 9:15am, one transaction 10 mil unit consumed one shot at 0.085 and all the way the price fly to highest 10:15am at 0.11 (+ 37.5% from yesterday closing).

based on the positive momentum, it shall test the next resistance of 0.12 tomorrow, follow by 0.15 next week.

Technically it had break last year Nov 18th's high of 0.095 and it became a support.

Next 2 resistance shall be 0.12, 0.15.

Jaks Resources Berhad- Rights Issue To Raise Up To RM160.9m
Date: 27/05/2020

Source : PUBLIC BANK
Stock : JAKS Price Target : 0.77 | Price Call : SELL

it will fly once 012 resistance being breakthrough.

Next 2 layers resistance shall be 0.15, 0.18.

HLInvest :

Outlook. Due to the Covid-19 outbreak, we understand that there is a global shortage of condoms, due to the lockdowns globally which have disrupted production and somewhat increased demand. With Karex being the largest condom maker globally, we feel it may benefit via higher ASPs which will be reflected in the next quarter onwards. During the MCO, Karex had to halt production for 10 days which impacted production (as seen in this quarter). Following that Karex was allowed to operate a 50% capacity for the rest of MCO, and come CMCO, at full capacity. Since the outbreak of Covid-19, Karex’s ASP has been on an upward trend, possibly due to other smaller domestic manufacturers that were not able to operate during MCO and/or faced hiccups in obtaining raw materials. We feel the improving ASPs will aid Karex in the coming quarters and will be felt in a more profound manner in FY21.

Those who panic sell this morning shall be regret by now.

At mid-day closing :

SMA 50 (0.45) > SMA 90 (0.448) => first time reverse since Mar 11th reverse from downtrend to uptrend.

SMA 50 (0.45, moving up 0.005/day) going to breakthrough SMA 200 (0.455, moving up 0.001/day) within 2 workng days. Once cross over, it will be a golden cross after past many years' downtrend.

Karex recorded a big lose in Q1.
Seems the uptrend momentum shall be ended by the poor result announced.

@ Daz Ng, your points are valid.

Subject to good QR release (finger cross), with the golden cross will be formed by next week, we shall see Karex reverse to a long term uptrend, after past many year's downtrend.

The closing Buy Q for 0.595 = 1.9335 million units.

@ eye2eye, tomorrow shall gap up in the morning, hope it break the ceiling 0.645 by tomorrow.

Last Fri's lowest (0.53) vs today's highest (0.615), within 2 working days already rebound +16%.

SMA 50 = 0.44 (up 0.005/day)
SMA 90 = 0.446 (up 0.001/day)
SMA 200 = 0.454 (up 0.001/day)

expect within 4 working days, SMA 50 will cross above SMA 90 & 200, the price shall surge when the golden cross formed (subject to good QR).

Short term TP = 0.68
Mid-term TP = 0.77
Long-term TP = 0.90.

long time did not visit this counter, gap down today.
the stock currently trade below SMA 50, 90, 200.

SMA 50 = 0.934 (down 0.004/day)
SMA 90 = 1.127 (down 0.005/day)
SMA 200 = 1.061 (flat)

The first death cross completed by Mar 24th, SMA 50 cross below SMA 90.

The second death cross completed by Apr 23rd, SMA 50 cross below SMA 200.

Third death cross is on the way, once SMA 90 cross below SMA 200, another significant gap down, expect within a month will happen.

The downtrend since Feb 20th is not ended, but it takes 3 waves to complete.

SMA 50 = 0.435 (moving up 0.003/day)
SMA 90 = 0.445 (flat)
SMA 200 = 0.453 (flat)

expect within another 7 working days, SMA 50 will cross over > SMA 90 & SMA 200, a strong reversal to uptrend will be formed.

The price is gradually moving up since last Fri hit lowest 0.53 vs. today's highest 0.56 (+5%).

Hope within this week will rebound back to 0.645.

@eye2eye, hope this week it bounds back to 0.645 & above.

@ Ny036, I do not trade call warrant. however, based on the maturity date still have about one month to go and the golden cross may formed within 10 working days for a spike, timing wise there is high probability that the investment bank may not able to press down the price to zero / near zero.

Expect after long weekend after Raya, Karex will retest 0.645 current resistance.

Once the golden cross formed within a month, 0.7x, 0.8x, 0.9x will be possible for mid to long term.

Top volume in Bursa on Friday.
It had been on downtrend for past few years, however, once the golden cross formed within a month, it will reverse to a long term uptrend.

The share price had been on cup & handle uptrend since it reached its lowest by Mar 19th.

Mar 19th = 0.125 (lowest)
Apr 7th = 0.235 (highest)
May 22nd = 0.39 (highest)

Once golden cross formed within a month and reverse to uptrend, it will retest 0.4x, 0.5x, 0.6x.

GDEX's shall be benefit from MCO and during the outbreak period.
Most people avoid physical store shopping and switch to order on-lines.

Based on the chart :

SMA 50 = 0.214 (+0.004 per day)
SMA 90 = 0.227(+0.001 per day)
SMA 200 = 0.254 (flat)

Once SMA 50 cross over > SMA 90 & 200 (expect within one month), a Golden Cross will be formed and a longer term uptrend will be possible.

Current higiest 0.39 equivalent to Feb 25th price
Longer term TP : 0.43, 0.5, 0.59, 0.65.

Current surge may have price correction/consolidation due to profit taking before it bounds to the next high.

Good closing 0.545 today.

Currently :

SMA 50 = 0.432 (moving upward 0.003 per day)
SMA 90 = 0.445 (flat)
SMA 200 = 0.453 (flat)

Once SMA 50 cross over > SMA 90 & 200, expect within May, a Golden Cross - a strong uptrend will be formed for Karex, after many years downtrend.

It will retest the first resistance 0.645 (May highest), and follow by mid-term resistance 0.77 and longer term resistance 0.90.

Karex share price had been not much affect by the fluctuation of DJ but it had been benefits during the outbreak period as it is a certified medical product manufacturer.

On top of condom, the company produce hand sanitizers as high demand requested by medical customers during the outbreak period.

The share price had been rebounding since March 19th when it hit its lowest and constantly on cup & handle uptrend after past many years' downtrend.

Mar 19th = 0.26 (lowest)
Mar 30th = 0.45 (highest)
Apr 27th = 0.54 (highest)
May 13th = 0.645 (highest)

Expecting within May, it will retest the previous high of 0.645 (21% upside from current price)
Current support shall be 0.53.

0.53 shall be the support.

0.23 total 40M traded.
0.225 total 158M traded.
0.22 total 20M traded.

it looks more like operator is blocking 0.235 today and collect at 0.22 - 0.23, yesterday was 0.205 - 0.215.

hope tomorrow got Raya Ang Pow.

WTI 34.42
Brent Crude 36.88

operator since yesterday start blocking layer by layer to force contra kaki and weak holders to sell from 0.205 - 0.225. Once wash out + operator collected enough stocks, it will then fly again.

today 0.225 itself traded 125M+, no retailers have such financial capability to acquired a single price at such high volume.

KNM mid-day stand at Top # 2 volume in Bursa

WTI = 33.88
Brent Crude = 36.22

Good mid-day closing at 0.23 (up from yesterday lowest 0.205 +12%).

Another 4 cents to break this week highest 0.27.

long term target RM 1, RM 1.5

WTI futures all moving to north :

July contract = 33.63
Dec contract = 35.33

Demand continue increase due to worldwide markets re-open and production continue to cut-down with additions. The oil price game is over and it is resuming to the price range before outbreak.

@ icepumpkin, nobody can buy lowest and sell highest. Supermax already 4.xx, if 5.xx is the max, 20% will reach the ceiling.

WTI = 33.6, breaking new 2 months high.
Brent Crude > 36 breaking new 2 months high

nowadays difficult to identify stock that have golden cross, the last was Supermax that I shared in March, it surge from March RM 1.xx to May RM 4.xx.

Karex quietly forming a golden cross, shall be formed within May / June, it have potential surge from RM 0.5x to RM1 - RM 2.

Karex (condom) shall be the next stock that will surge, read my comment for Karex, it is a hidden gems. A golden cross is forming within near term. Hope on time to sell KNM and buy Karex.

I already sold few rounds, the last I sold when it break 4 and did not buy back as price really too high already.