Today Friday. A lot of retailers will sell in view of uncertainty as they don't want to hold over the weekend. Comfort counter mostly retailers so there'll be heavy selling due to fear.
Based on last correction, we are only at the beginning of a pullback which may last for 2-3 weeks with more downside. Only climb back in August in time for Harta results.
Will definitely sell down for Comfort. Safer to sell first, have a peaceful weekend and next week reassess. Correction will last for 2 weeks or so (based on June correction) and IB may press down glove prices until 3 call warrants (Kossan C3, TG C63, Harta C30) expire end July. If top 4 don't go up, Comfort won't go up.
2 years to recover but PE so high meh? After 2 years all gloves sell pasar malam who also don't want liao la...sometimes this retailers always kena cheat by manipulators...don't want say liao
Supermax is the winner if topglove banned in USA. Supermax as OBM in USA, can rise the price in USA. When Topglov loss 12% market, Supermax get 50% market potential in USA.
Well, many would thanks to Tg mgmt. Now correction finished in 3 days. except yesterday hourly : strong sell....all big4 hourly, weekly, monthly technically remained intact on strong buy. Lets the game roll.....go go go comfort
those who have deep pocket sapo yesterday would earn big money like what old-man said. Buy keep and hold long. Small volume T2 yesterday, good sign and it will fly up again after the clearance..solid support at 3.70 - 3.80 now , add more go go go
Winter is coming. If you think US is out of control now, wait till winter comes. Down south, Australia is currently having it's winter. Victoria and NSW are seeing a resurgence of new cases. Vaccines are still years to come by. Moderna, the most hype about vaccine company, said it's thrid phase trial will run until September 2022. That means, we are not going to have effective vaccines in the market any soon.
Baby Shark : Bought banyak dah.. now wait Rm6.00 ................................................................................. Baby very daring, hantam kuat-kuat, can reach RM6?
In my previous review, there could be probably a bullish cup and handle visible, in which we could see a corrective handle forming in 1hour chart, but confirmation in terms of a time filter is required.
My Bets: Watch out of any breakout of cup & handle bullish pattern at 3,95 - 4,01 region, that to target aiming at 5,26 (161,8%) and higher 6,85 (261,8%)
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Posted by mf > 2020-07-17 03:58 |
Post removed.Why?