Goreng the blue chip..

Low volume correction. Collection during correction. Does not matter where you buy at 0.745 yesterday, 0.68 today or even 0.64 tomolo. Because high volume will return n it will move higher than 0.92.

Take opportunity of this sbb ahead of qr result to escape for good bcause market will sell the news upon qr result announcement.

Double correction bottom is in place at 0.665. Immediate target is 0.825. Buy.

Tp 3.40 - 3.60 as indicated by its stock chart.

Share buy back, up. Stop buy back, down. A sign of dying company going to die. Injecting fake medicine to a dying patient will not revive him. Sell before major exodus to exit when vaccines start to reduce the statistics.

Buy. So many shares hv changed hands that it has ran out of sellers at this level.

Bought at 0.67. Cheap shares very limited bcause of huge volume traded the past 2 days.

This is where late birds exit to avoid further losses. Red trades after 10 am. The trend has reversed with a massive long tail shooting star candle yesterday.

This bus is firmly in its reverse gear. Stay clear off its back or you wud be mowed down in coming days.

A perfect shooting star stands majestically in place. Stay clear out of trouble.

A shooting star reversal in the making. Will close around 0.74 n drop below 0.70 the next few days. Stay clear.

Intraday accending triangle has failed at 2.33 pm. Get out now b4 a rush to exit door sometime b4 4 pm. You will thank me later.

Max no longer super. Interest on gloves dying. Hot stocks are becoming cold. Sell b4 serious dumping begin across glove world.

0.895/0.36 = 250% in 2 days. Be careful n be realistic.

Its over folks! 2nd attempt to push has failed. Run b4 the afternoon session dumping.

Sold 0.91. Too high too fast.

Change of mind. Buy. Because 2 days volume has exceeded total shares issued.

Another drop below 200 day mvg avg. I told u chart pointing to 3.40 - 3.60.

A SUPER PERFECT SUPER BEAUTIFUL SHOOTING STAR is in place. Slaughtering time for the remainder of the week.

A SHOOTING STAR WITH LONG TAIL has just appeared on the chart. Reverse gear. Stay clear off its back.

This one has gone PARABOLIC. When a share price doing parabolic, you stay clear. Bcause a BIG FALL will come without warning.

This is a HOLOCAUST TRAIN. Trick you into boarding n then take you to slaughter house.

Technical target 3.40 - 3.46. Serious. No kidding.

2 technical set ups with results merging at the same point: 3.40- 3.46.

First set up:
Triangle chart 06 aug - 16 nov 2020 broke down at 8.36 on 16 nov. Height of triangle body on 10 sep = 4.96. Tp = 8.36 - 4.96 = 3.40.

Second set up:
04 jan 2021 low 5.38. A technical dead cat bounce hit a double top at 7.30 close on 08 & 12 jan. The tp upon retracement off this deadcat bounce & resumption of the bearish move below 5.38 low would be = 5.38 - (7.30 - 5.38) = 3.46.

Share price does not move in a straight line. One can clearly sense that there is a presence of big speculators here in supermx who trade on very short term timeframe within minutes & hours. You may like to punt & try to make (or lose) 2 to 8%, however market trend ultimately will prevail.

Fundamental catalyst as reflected & built into the current technicals is that vaccines to reduce new covid cases in 4 - 6 months. Thereafter demand for gloves worldwide will reduce & reduce drastically by year end. By 2022, the windfall will be mostly gone.

Still at 3.40, the share price would be 5 folds higher than before the covid pandemic. But those buying now would lose half of their money. Those bought at the 12.20 peak would lose >70% n will go down in anal of bursa history as the biggest idi*ts of this covid pandemic.

Disclaimer: This is a personal opinion & outlook & not an investment advice. Please consult your licensed investment advisor for your investment decision.

Chart super bearish. Fake volume to unload. Last station on this track is 16 cents.

6.30 by 4.45 pm

1. After initially brushing off impact of mco 2.0 n declaration of state of emergency for the next 7 months on the local economy, market will start to factor this in n go lower across the board.

2. Yesterday was day 1 of a u-turn on the technical rebound, momentum of this u-turn will take it lower.

3. Beware of sell on news of the next qr result announcement anytime now even if the result is good.

4. The Dow made a trend downward in its afternoon session last nite. The trajectory of this move is another move lower tonite.

Conclusion: SELL

You should not stay too long in any stock party bcause sooner or later shit will hit the fan. This party was over long ago.

Its already (6.64 - 12.20)/12.20 = - 46% off its peak.

"Agong declares emergency should increase the demand for gloves" - a statement of desperation. Sell.

6.66. I told u 6.00 to 7.30 move was hot air misplaced sentiment dead cat bounce move. Now is cheap tomolo will be cheaper. Sell.

For those who try their luck at 0.52/0.525 support, this is where you should get off bcause that support has been decisively broken. It will now target its 200 day mvg avg at 0.40.

A full complete perfect SHOOTING STAR. Next direction = down. Tp 0.50. This is where you get off if u do not want further trouble.

7.08. If you do not want to lose 70 cents a piece, this is where you get off. Obviously that misplaced optimism is coming to an end. Dead cat bounce sentiment is more or less gone. Freefall as soon as friday.

7.17. This is where you shortsell n make 80 - 90 cents a piece.

It was 5.40. At 7.13 it is overbought. Sell.

6.6 mil americans hv been vaccinated. When biden takes office in 9 days this number will quaruple/month n half of american population will be vaccinated in 4 months n new cases will start to come down. Supermx share price will come down much earlier than that to below 4.00. Sell !!!

Todays 6.36 tp moved to tomolo bcause pm muhyidin only opens his mouth after market close today. You have 15 mins to escape b4 sell the news hit the market tomolo.

Tp today = 6.83 - (7.30 - 6.83) = 6.36

I told u. Market is selling the news. Market is selling the news ahead of the news. When pm opens his mouth some time today, it will drop at least 50 cents from here.

This is THE LAST DEAD CAT BOUNCE. It has skidded past the divider to the opposite side of freeway just because of sentiment boiled over late friday in anticipation of a lockdown nationwide. If you do not exit you will be mowed down by incoming traffic. Your last chance to exit this sunsetting glove investment if you hv not already done so. Epf has already done much of the dumping n you should too. As they say buy on anticipation, sell on news that is when the pm makes announcement monday.

Chartwise the BEARISH DESCENDING TRIANGLE is firmly intact.

As vaccines being rolled out worldwide, the SUPER PANIC SELLING will kick in WHEN NEW COVID CASES START TO DECREASE first in the US & Europe which would proove that vaccines are killing covid transmission. It would be much much earlier than your brain currently registers. It only takes 30 days for body to come up with covid defence with 2 injections 2 weeks apart. Then people would run helter skelter trampling to exit door resulting in limit down on all glove companies share prices.

On another note, my 24 pcs of btc are now worth rm175,000 a piece. Hu hu...over rm4mil..

Jatuh ler. Smlm court kata datang buat appointment lagi 1 tahun mau buka cerita skin. Lepas buka cerita, bincang2 lagi 2 tahun. Lepas bincang, tidur lagi 1 tahun.

If u dont want big trouble, this is where u cut loss. Typical move after 200 day mvg avg breakdown bounce. A complete intraday u turn or a shooting star. Serious downtrend ahead.

It is setting up nicely to store in energy for the next down swing to break 5.40 recent low n head towards 4.50.

Black monday. 0.48 coming.

Now intraday descending triangle. Will drop below 0.74 n 0.70 at close.

As 0.70 was yesterdays low, this drop below 0.70 will meet with furious selling tomolo friday.

Monday will see blood all over the street.

Market has sold the mou news. Damage done. If you stay your lubang jubo will bleed even more.

You see when market is technically downtrending, whatever trick used to arrest the slide, like big dividend, will only delay the fall. It cannot stop it.

Top glove dividend steroid is wearing off. Resumption of downtrend tomolo n the rest of this week n next week. Tp 4.48.

Hello gringo GREENHORNS. Google lar. Plenty of reading materials out there. Do not naively miss the simple, plain and the obvious.

Since a few hundreds years ago, prices of stocks or commodities or whatever, when being traded by many people, move in certain technical mould. Whatever your opinion about demand or supply or covid or vaccine, the right one is being factored into this mould now.

Both supermx n top glove 200 day moving averages are located around 6.00 - 6.10. It is an average share price over the past 200 days. It is a SIGNIFICANT INDICATOR used by many traders, fund managers & analysts to gauge support & trend outlook.

Whenever a share price drops below this level, market reaction is very fierce. This can be seen today when both supermx n top glove share prices dropped sharply after a few minutes of market open today & ended the day significantly lower with heavy volume, because they DROPPED BELOW THEIR 200 DAY MVG AVG.

200 day mvg avg provides strong support for uptrending stock. When it breaks like it broke today on supermx n top glove, the LONGER TERM OUTLOOK IS VERY NEGATIVE. This is stock market 101. Basic.

I make it simple for yr small brain to understand. Today both supermx n tg hv crashed convincingly way down its 200 day mvg avg 5 mins after market open. For you laymen, its a long term downtrend..

Whats that burning smell? Its a smell of kyy old ess on fire..