Who says all glove counters are doomed..... Matter of fact all glove counters are making a remarkable comeback. Nx week INIX will follow suit.....by initially breaking the 40c level.....and then it will move towards the 60c barrier.
Glove stocks strike back with great vengeance as pandemic continues.
NOBODY should doubt that the stock market can behave wildly irrationally (or highly unpredictably) at times. Or that after every dark cloud, there is bound to be a silver lining.
Last Friday marks one of the strongest rebounds for the glove makers after having been subjected to heavy sell-off lately. While a spike in the number of COVID-19 infections which culminated in the number of positive local cases surpassing the 3,000-mark for the first time yesterday would only mean looming prospect of MCO 2.0 – which is never business-friendly – it has somehow energised glove-related stocks. Nx week all glove-related stocks will resume their powerful upward trend after a remarkable showing last Friday. INIX ....being a laggard glove-related stock ...will start to positively move nx week to once again break the 40c level and will then proceed to challenge the 60c barrier.
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OK , listen me , i leave peaceful , with one condition , beware , this is really a SUPERB BOMBSHELL , take soul type robbery stock , provide your LEAVE ALSO .....accept , i on spot DISAPPEAR IN AIR .
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YuHainTek is SMART and polite guy , he since gentle , i admire , but , the story is THIS IS ROBBERY STOCK , i cannot see your STICK ON PIRATE BOAT , i got my right , TO STOP IT .
KUALA LUMPUR- Anak syarikat iNix Technologies Holdings Bhd (iNix), INix Glove Manufacturing SdnBhd (iNix Glove) telah menandatangani perjanjian pajakan selama 10 tahun ke atas tapak kilang seluas 2.25 ekar di Beranang, Selangor sebagai persediaan dalam pengambilalihan syarikat pembuatan sarung tangan.
Pengarah Eksekutif iNix, Siva Kumar Kalugasalam berkata, iNix telah menandatangani MOU dengan membayar deposit 45 peratus untuk memperolehi syarikat L&S Gloves Sdn Bhd dan proses pengambilalihan telah memasuki peringkat akhir.
Based on TA....tomorrow INIX will open gap-up at 40c and then races towards R1 @ 43c with heavy volume. The MACD and the Momentum look extremely good. The 50-dayMA has already crossed the 100-dayMA. The 'golden cross' is giving a signal that INIX is poised to make a powerful trend reversal by moving up significantly. This is also confirmed by the appearance of the Bullish Harami formation last Friday....and the possible formation of the Three Inside Up tomorrow. The RSI and Stochastics are still not in the overbought territories and are showing bullish formations. In general....I suspect INIX will try to move towards 50c tomorrow and possibly try to test the 60c level next week. Good luck guys and happy trading.
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....
Bemillion
1,968 posts
Posted by Bemillion > 2021-01-08 15:56 | Report Abuse
Lol