@awankign007 assuming u are talking about me. I believe haiptek is near or at the bottom of wave 4 in elliot wave term. if u fib it from the nearest top at 0.7, fib extension 2.0 is 0.49. I was expecting it to hold at 1.618. I was wrong.
coming to top glove, if u fib it from its nearest top at 9.7, fib ext 2.0 is at 2.1. So I am assuming bottom is close or already in. I was expecting a rebound, but not something like more than 10% in a day. Looks like I am wrong again.
@neWbie606 glove counters. I'll first wait what news come out this weekend. The new virus variant isn't properly understood yet. Markets probably over reacted. Speculators usually shoot first, ask question later. Wait and see.
@sharemarket21 Agreed. Sentiment is particularly bad and in poor liquidity exchange like bursa, pockets of inefficiency start to become apparent. Companies with good fundamental will not be spared. But the basis of spot vs futures varies rather greatly. Steel bar spot rebounded strongly on friday. On weekly chart, looks like it found bottom too.
I too wish OTB will continue to share so we all can pick something up from him, and if deemed worthy, can continue to subscribe. What OTB did not do, however, from my humble opinion, is managing his subscribers' expectation.
It's up to him whether he wants to share or not on public platform. I only start to notice his work after joining this platform. Lol
Hi Mr OTB, not ur subscriber but I appreciate ur analysis. A friendly suggestion: maybe u should just post ur analysis as blog post like KYY, ignore the comments like KYY. If not asking too much, maybe post part of ur portfolio, ur entries and exits. So ur subscribers or critics have a point of reference. U see just being transparent alone, much of the arguments against u now do not apply.
When u accept a fee, it is hard not to receive criticism when they do not meet their expectation. I'm not asking u to do free. Just, some people have unrealistic expectations.