Don't be too optimistic that the price is going to rise further . A technical rebound usually occurs when the stock is in an oversold position . Just pray for reversal after a long hauled downturn pinned down by the emergence of vaccines into the global market that could put a halt to the spread of Covid19 pandemic diseases
Looks like a bear trap. The glove stocks are in downtrend mode. Never catch a falling knife regardless of how good earnings are in the short term. It won't last as their ASPs were mediocre before the pandemic. It will retrace once the vaccine is distributed and given within the next 12 months. Gullible traders got carried away thinking the party will last forever.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 4330 views | 4 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
1lotman
114 posts
Posted by 1lotman > 2021-01-05 19:12 | Report Abuse
yes. so ridiculous.. only u r right all the time...