I lost heavily on this counter since the very day when the lanchiow IB started to cap and downgrade the Tp when the price hit the highest level and my punt at that time was maximize.
keep calm... when red... if u dont sell... u still hold your position... plan your exist point... COMFORT company wont closed down tomorrow. demand for gloves will still be there.
topglov had the best OVERSIZE QR profits on record today, yet all gloves r going down.
Price Action is indicating that gloves had run a full course edi. Expect prices to ease into correction n then enter into 3-4 months meaningful consolidation.
This happens too fast due to ib pulling credit lines with damaging price capping.
The general mkt could correct too. Watch DOW for leads. Its rebound turned uptrend since Mar 23rd is abt to bend over.
As i say today, comfort dont have any strong faudamental, so when drop no body go support the price. But supermax, topglove, kossan, harta have. So this is the value smart investor must learn. Good company will came back but bad company wont. Remember comfort is very small company, no any broker and article cover it.
Probably those IB which has collected enuf from the massive sell down will start coming up with new version to attracts investors confidence to helps them swim along with the tide . Just ready for the tactical news in the coming days l supposed
Don’t sell below RM3... from the quarter result of Topglove, many globe counters will have more than 70-80% improvement in profit in next 2 quarters ; even the handglove counters taking rest for few days due to KLCI heading down , those speculators will goreng again after few days.... not many counters with ok result that can be goreng in KLCI...
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Steven234
110 posts
Posted by Steven234 > 2020-06-11 16:38 | Report Abuse
double top pattern, first strong support at 3, if break next strong support near 2.6-2.8, if break again,gg liao, can say byebye