You should panic. TG will gap down big time tomorrow. At 19.70 now its well below 20.50 major support established 2 days ago. When the biggest of them all collapse, naturally the others will fall belly up.

2 weeks in stock market term is like an eternity

So that you know TG opening price at 3.30pm matches the deep red intraday low 2 days ago (panic low). Theres a good chance it will sink below this bcause the company said they need 2 weeks to resolve the custom issue. Sinking below 20.50 is a big deal as it is a major support. It will take the entire glove world down with it.

By hook or crook, dump yr supermx now.

You got to be a few steps ahead in this business.

Whats happening is that mad crowd pushed this up to grossly overpriced level. Now some crowd stepping in not realizing that wolves hv been gathering around ready to pounce what was once trading at 1.70 n now being traded at 15.30. The same goes for top glove. Wolves are in the thick of action.

Stay away.

Get out! Meltdown in afternoon trades!

What makes u think the 40 cents gain in supermx can sustain when top glove gave up all its 1.70 gain n now turning red? Supermx will follow suit.

When u hv no patience, you will walk right into a bear trap. A clear cut bear trap for top glove. The same for supermx. It will become very clear soon.

JCY - consolidating above the tall green candle formed 3 days ago > 0.45. In time it will jump past 0.50. Very bullish posture. 0.495/0.50 resistance has been weakened considerably with these volume 0.46 - 0.48 generated this morning. Hold yr horses.

A very bad move going on in top glove. It will drop below 20.50 recent low. Supermx will follow suit. Stay out of supermx.

Added position on jcy @ 0.46..

Supermx - volume has dwindled significantly. Bid n ask volumes are very small. Its not stable. It may dive without warning.

JCY - a clear cut case it will go up.
(1) It does not drop
(2) Volume is very small compared to yesterday. Volume cannot abruptly disappear. Volume will come to the upside
(3) It is a perfect breakout chart with technical target at 0.565

What day is today? 16th july? Well, on 27th july moderna will start vaccine trial on 30,000 (thirty thousands, 3 with 4 zeros) people after a huge success with 45 people. Let me correct myself. These are 30,000 healthy people to gauge that they develop immunity against covid virus.

Guess what? Every other week they will report their progress to mr trumpo n he will keep on tweeting to boast n win election.

Jeng, jeng jeng...all the glove profits will not kill this negative hanging ahead as mr. market is very far sighted; he reacts 6 - 10 mths ahead of time. Jeng, jeng jeng...habis lar. All masuk longkang..

i3lurker. Buy JCY. The chart is a perfect breakout chart. TP 0.565. 0.55/0.56 you sell lah.

I just paint a picture n show how people will get trap when they try their best not to get trapped. This is how it happens again n again. My advice is follow the market. Do not follow yr conviction.

Cure or immunization, dont split hair with me arr

Dont be naive. Analysts follow the market. Not the market follow analysts. They shift their goal post after the market over ran them.

They try on 1000 infected people 80% cured within a week. They try again on 5000 people, 85% cured within 5 days. They monitor side effects for 2 months n deploy them on fast track mode. Those holding supermx will hv their balls shaking n sweating.

You know what phase 3 trial right. Its a vaccine trial on human. They starting this in aug. With trump power anything can happen.

Thats why they call it breaking news. It will catch you with yr pants down.

Fast forward dec 2020. Saturday night breaking news. Vaccine found. The US will start distributing the first batch of this vaccine to frontline workers. Tripple limit down on glove stocks. Every morning key in also not done. Price finally stabilised at 3.50 - 4.50. Gone were the days when people were chasing it like crazy above 10.00. Many got burnt n many are now stuck with some 70% paper losses.

I made rm 9.4 mil here from 1mil investment in 3.5 months.

Fast forward 3.5 months ahead. Share price is trading at 8.50. Why those people who bought at 17.60 have lost 50% of their investment? Do you think they want to get hit like this? No. Its a psychological trap of trading. During the early stage of a pull back from 17.00 ++ they thought that it was just a short consolidation before the price moving higher. They also believed in the narrative that glove companies would be making tons of money well into 2021. Little did they know that they bought at the very peak of the glove covid run. Their mistake was that they did not set a cut loss point at 5 to 7% below their cost which means they should hv cut loss when it dropped to 16.40 - 16.80. You know what they say let yr profit runs, cut yr losses short.

He he...a latecomer asshole glove wannabe starting to go into glove business when superbull glove rally is ending. What a bunch of idiots. Hot hot chicken shit. Avoid this trade if you dont want to lose 70% of your money.

JCY - believe in the power of technical charting.

02 Jan 2020 - peaking at 0.35
19 Mar 2020 - bottoming at 0.135
07 July 2020 - breaking out of 0.35 02 Jan peak
10 July 2020 - returning to 0.35 broken resistance turned support to retest => success

Now on the way up to 0.35 + (0.35 - 0.135) = 0.565.

However skeptical you are, it will get there.

JCY goreng started. Hold. Sell 0.56 after 4 pm or tomolo morning.

JCY 0.565 today after 4 pm or tomolo morning.
Supermx volume is light. Any upward tick will not be sustainable.

I can confirmed now that this jcy shark is playing dead to weaken his namesis on the selling side. Take yr position n wait for him to make his move sometime today or tomolo. You will make 9 cents a piece.

As for supermax clearly its a breakdown across multiple fronts including top glove kossan n harta. Wait to bargain hunt friday at about 1.60 - 2.00 below current price n sell during the last dead cat technical bounce to current price.

OTB greed quietly succumbed to panic selling. Of course lar he wouldnt tell you 1.

Strategy. Returning to train yr main guns at supermax at 13.10 - 13.50. If not today, you will get it friday (t3 for those trapped at 17.50 - 17.80).

Buy jcy. A confirmed breakout. Upward move in progress. Weakening the selling barrier. It will jump after 4 pm today or latest tomolo. Tp 0.565. Sell 0.55 - 0.56.

Good luck.

Jcy on the move. Tp 0.565. Buy now.

Sold all 15.44. Dont like the volume. Dont like top glove deep in red.

Added a few more 15.42

Tp = 15.00 + (16.40 - 14.70) = 16.70

Bought a few 15.30. Chart breakout.

It has evolved into intraday triangle chart. Revised entry price = 15.00 - (16.40 - 14.70) = 13.30. Revise yr buy orders to 13.10 to 13.50.

These series of dead cat bounces with lower highs will give way around 11.00 am n the price will quickly sink below todays low of 14.50 n move even lower than 14.00. Wait.

For supermax, maintain yr buy queues at 12.80, 12.90, 13.00, 13.10 & 13.20.

If u want easy money, i give you one. JCY is a case of a confirmed chart breakout. Previous peak 0.35. Previous valley 0.135. Technical target = 0.35 + (0.35 - 0.13) = 0.565. It is in the process of getting there. Buy at 0.445 support. Hold for a few days. Sell at 0.56.

Someone trying to fight the market. It doesnt work that way. Wait.

Key in yr buy orders now 12.80, 12.90, 13.00, 13.10, 13.20...

Wait. Technical entry point at 13.00 - 13.20.

EP = 14.70 - (16.40 - 14.70) = 13.00 for intraday descending triangle formation. Valid for now. Wait n see.

Minimum a 1.00 drop today

I told u oredy. Top glove red. Kossan red. Harta red. I bet my ass supermax will close red today. Long term holders will take some profit today bcause their profit is a lot.

This is where major shareholders who hv been holding stocks at 2.00 for a few yrs will sell some. They sell off peak, not at peak. And their some is a lot.

This early strength will give way to selling after 5 mins. Its clear in top glove. Its clear in harta. Sell. Buy back friday.

A group of crazy sharks wanted to push this to limit up yesterday when mr. market moved against them he he...dont expect too much today. Wait for t3 n bargain hunt when those trapped above 4.20 suffer heavy paper loss..n sell on a technical rebound for quick profit..

Wake up early lar. Go excercise around the lake to keep yrself fit n alert. You need it in this business. Fit n alert to tango with the market music n rythm.

Did you know that price can consolidate in a sideways range b4 coming down?

So consolidation does not mean it will go up.

So you do not buy during consolidation. You wait for direction. About to breakout or breeakdown or better still wait for the actual convincing breakout or breakdown.

Another invaluable insight from sifu here.

Vanness. You need to resign to the fact that some people are a lot better at this than you are n hv a lot more money than you do.

Let sifu here give you a piece of invaluable advice. NEVER take a FULL conviction one way or the other. Its a recipe for disaster. One of these days it will burn your balls black beyond recognition, because a full conviction is a psychological block. It will auto trap your balls when market moves against you.

Only an obsessed crazy would list down 46.

Market will not tell you when its peaking. People will. When analysts start shifting their goal posts. When the old man starts revising his tp by a simple maths 1 qtr x 4. When a 2$ stock is projected to hit 30$. When the only way to go is up. When a glove stock overtaking giant tnb in market cap. When the optimism is at its best, rosy all year long even into next year. Then it will hit its peak and a lot of people will get burnt.

The first pull back resulted in recovery. This second pull back n recovery is an opportunity to dump n escape the coming slaughtering. Bcause market will not follow the same path twice.

Go enjoy yr loot first lar. Dont rush in to buy back. Hot stocks will not stay hot forever. It will in time turn cold n burn yr asses in the process.

Only buy at 18.00 to 18.20 after a confirmed breakout above 17.80. Wack all in should it ever stage that breakout. Other than that price range, you are putting yr asses in danger of being roasted alive. All these are too good to be true trades in a la la land which only happens once or twice in yr lifetime.

i3lurker. Missed the glove super bull? Normal lar. A bull has turned into a super bull.

Bought at 1.71 a million. Sold at 17.50 for 10.15 mil in a liitle over 3 months. Bought again some at 12.60. Sold at 15.90 at closing for a few hundred k pocket money.

Next week going to book 2 x bungalows at 1.6 mil each. After 5 yrs can sell them 4 mil each.