During market trending. Chart or graph cannot be referred. Eitheir down trending or uptrend. That is why you see during up trend price still going up even overbought. You can refer to the chart during sideway. Now is down trend even oversold it still go down like hell.
OK la.. last price.. based on yesterday 10%.. today 21%..(lowest 24%)..tomorrow got 80% chances gonna limit down RM 1.41.. I wait there la.. come visit me
At present, medical gloves are in great demand, but going forward where is the growth in both ASP and volume post FY21. Is there another leg of growth for the glove industry without any epidemic diseases or pandemic? Slew of companies announced their plans to set up plants to produce rubber gloves, increase their production capacity and lines and many countries announced to ramp-up their glove manufacturing in the next 2-3 years. China and Thailand plans to increase their production of gloves to 100 billion per annum. Will it gradually turn from shortages to gluts in the industry for the next 2 years?
Vaccine or its trials may be delayed or paused but we know that we are going to have a proven commercially viable vaccine as time goes by.
For now, the downside for glove counters is high but upside is limited. So risk is high for the return.
glove counters makes profits & have fundamentals... compare to other counters are they profitable now & in near future... investors need to rationalise.... hold tight & ride the storm.... Disclaimer: not buy or sell call
Those who bleed now need not to worry. If u suffer from huge loss once u sell, then just hold. The only choice u have now is to wait for glove stocks to drop till less than RM1, then u could spend less money to buy more to average down your entry price.
What is the next trend ? Winter is coming, there is nothing that could stop the covid19 cases from getting worse. Whether vaccine released in time or delay, there will be tremendous huge surge of gloves demand at year end and early next year. Countries with highest population USA, Russia, India, Brazil are the worst hit and they will have terrible situation this coming winter. Remember, this is the first winter human have with covid19. Even with early authorization of vaccine, the gloves demand will be unbelievably high this coming winter. One pair of gloves for each vaccine jap on a healthy person, these countries will do mass vaccination on billions of population. When we talk about global vaccine, we are talking about vaccine developed by world renowned companies etc Astra, Pfizer etc, not some Russia or China vaccine which will disappear in news sooner or later. When the gloves drop to its lowest baseline pre-covid, it couldn't drop anymore, no stock will drop to 0. When people realise this phenomenon, and MARGMA announce the gloves production could not cope after vaccines, u can imagine the second waves of gloves stock fiesta bonanza will be coming back! Hold till year end. Mark my words.
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....
johoran
368 posts
Posted by johoran > 3 weeks ago | Report Abuse
now que 1.95