Watch out what KYY said. Less than a month ago, his tp for Comfort was RM6.4 min to RM12.28 max!! Now he's willing to settle at RM4.8! And his tp for Supermax has been changing every week until I've lost count. Very inconsistent! So, do your own study and don't simply follow what he said.
Just know when to run when you see a bubble. It was obvious it was going to burst. I sold all in stages and bought back and sold during an uptrend. When you see it plateau around 4. 20 range i sold. Then when it dropped be brave to buy. I did the same for Airasia at 70 cents. Just now bought in at 3.65 and sold at 3.90. The price was 3.93. I just sell down to 3.90 all at one go because i hold 1500 lots. Had to exit. Good money for today.
KUALA LUMPUR: Acute supply and supernormal demand of rubber gloves could persist over the next two years, Kenanga Research said.
Its analyst Raymond Choo Ping Khoon said glove makers had received orders for new users including airlines, restaurants, retail apparel chains and hotel operators.
"If we look at the capacity expansion numbers in isolation, it looks overwhelming. Juxtaposed against the annual demand growth and new pandemic-led demand, the additional capacity is not a concern," Choo said in a report today.
He said the estimated new yearly capacity may not actually start as scheduled and hence the supply shortage will continue to be acute in 2021.
Choo said on average, two to three plants were required annually for glove makers to meet the supernormal demand, which take between 12 and 24 months to complete.
"We conclude that the average selling price (ASP) tightness will continue going into 2021. We highlight that rumours of a player in China ramping up capacity by 30 billion pieces over two to three years appears absurd which typically takes eight to 10 years to build," he said.
Good day. Managed to collect some at 3.38 today. TP 4.5 . Second wave is near. Just take care yourself . Many sell earlier one also buy back. What for ? . Just keep it
i saw the volume was small when the price go down.. but fastly rebound back... still small volume queing.. perhaps profit taking.. hope the rally continue tommorow...lol
Moderna — Shares of the biotech company jumped nearly 4% after it said it will begin its phase 3 coronavirus vaccine trial on July 27. The trial will enroll 30,000 people that are at high infection risk.
A group of crazy sharks wanted to push this to limit up yesterday when mr. market moved against them he he...dont expect too much today. Wait for t3 n bargain hunt when those trapped above 4.20 suffer heavy paper loss..n sell on a technical rebound for quick profit..
Greater fool theory! In trading, fret not about the valuation. Overvalued?? Meh, all you need is to convince the next idiot to buy it at a higher price than you! Another opportunistic day to convince the next few idiots to drive the price higher. However, please be cautious and use stop loss. I dont want to see anyone jumping off buildings.
Giving back to the sharks is charitable and helps to spur the economy recovery, but please do it within your means Again to all gamblers, please accept my sincerest gratitude :) Please continue trading as frequently as possible, there are always more idiotic people to buy from you The next TP will double the current TP, because banks will keep raising the tp as everyone loves trading revenue
All this wealth created out of thin air is what we need for the economy recovery
^^^GLOVE RALLY - BM HEALTHCARE INDEX - ONE MORE PUSH HIGHER?!!
On the 4-hour chart, we have five visible waves within a strong wave impulsive uptrend since end of June, low at 2,158. We think that is an extended wave three, meaning that more upside will come after fourth wave retracement. Indexes started turning down from the latest 3,347 high yesterday and quickly rebound sharply from low of 3,000 before closing at 3,177. As such, there could be a minor wave-4 completion and final wave-5 underway to continue and hit higher, before a major correction take control.
My Bets: One more push higher possible to test record high at 3,537 (Fib ratio of 161.8 of recent pullbacks)
Let us do a quick calculation on how much prices could the gloves makers to run and test if the high 3,537 achieved based on index weights:
TopGlove RM 25,00 (26,8% hike from 20,50 low) Harta RM 20,00 (32,8% hike from 15,20 low) Supermx RM17,50 (40% hike from 12,52 low) Kossan RM 15,50 ((33% hike from 12,00 low)
HEALTH AND SCIENCE Moderna shares jump as much as 16% after company says its coronavirus vaccine trial produced ‘robust’ immune response PUBLISHED TUE, JUL 14 20205:00 PM EDTUPDATED 3 HOURS AGO
buy buy buy "W" bottom rebound to limit up price 4.99 today...
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 895 views | 6 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace 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....
geary
6,340 posts
Posted by geary > 2020-07-14 18:37 | Report Abuse
xuxu today got ppl happy, got ppl sad. those bought today almost 80% are gambler.
Hahaha...Bursa...@80% are in these zero sum games...Bull-head you win...Bull-tail you lose...!!!