Supermax's trend now be like -0.02 then +0.005, drop again -0.07 then +0.005, again -0.015, +0.005 and so on. Which is why you hardly see it moves up but down.
GLOVE Theme Play is gathering momentum n steam now that uncle KYY is officially into COMFORT.
GLOVE, the only uptrend biz n stocks on KLSE this year n next. ONLY specialist plc, COMFORT n SUPERMX r 100% producing Medical gloves: both exam n surgical gloves r highly needed everywhere in every country NOW ... MEDICAL gloves have super HIGH demand > supply, i.e. there's a shortage of critical supply for medical front-liners !
HARTA then TOPGLOV had a head start earlier by 1 month, lead by the funds. Only last week, SUPERMX being the cheapest of the BIG 4 was beginning to spring up to life into MAJOR 3 journey; price is what u pay, VALUE is what u buy.. Followed very closely is COMFORT, the 2nd tier glove plc.
Uncle KYY will be the hero again, playing this time with true blue.chip biz that lasts. N this time with the roar of a SUPER investor.
GLOVE stocks are the darling of all high roller fund managers, mostly r foreign funds. GLOVE stocks enjoy strong support from the widest spectrum of stock players n funds in every of their UP cycles... https://klse1.i3investor.com/servlets/cube/post/purebull.jsp?fp=22
PureBULL >>>, [2022-06-29 4:05 AM] ALL GLOVE STOCKS R GROSSLY OVER SOLD TO SMALL PRICE #
IF this strong buying trend continues on, let's expect the 1st glove stock to hit LU, limit up prices...
PureBULL >>>, [2022-06-29 4:23 AM] GLOVE MEANINGFUL REBOUND IS ON ON FROM THE OCEAN LEVEL
TOPGLOV is the leading glove stock to pierce thru the 0 axis of 2 hour macd:
The Cumulative SS vol on TOPGLOV was at scary humongous # of 230 million shares is now reduced to 30 million shares. the giant SS had covered the great short, n likely they r beginning on the long play now to another BIG money. same scenario applies to SUPERMX!
Let us all shareholders push the Big4 to form a glove cartel to manage over production, gloves ASP and innovation. Pass the msg to protect our investment. Unity brings prosperity indeed...
but man the share price is very tempting to enter again and again low already? bloody hell can go lower ... when you give up, sht will rebound/reversal like rocket
What I can say is so many uncertainties, do not enter first. Wait till you see the blue sky, which is still far to go. Many got trapped just because the low price is so tempting. But once entered, new low again, especially Supermax. Unless if you are confident to trade, else no point dumping money into this bottomless pit.
with a lot of vaccines availability to combat virus in the market , the demand for glove is not as great as you and me thought and the market is saturated with over supply now . More players are coming in to share the cake and flooding the Market with over supply to come....
The BIG 4 need to talk and settle the over supply asap. Cut production together as a group and increase ASP... Unity is prosperity. Demands for healthcare equipment still very high with extended covid pandemic due to more variants resistant to vaccine.
@investmalaysia618, some said tech stocks are over, plantation is over, glove is over, reits is over, so in your opinion what's definitely a win for rest of 2022?
Strong buy? New low again. Still call buy? Retailers mindset been thinking operators pressing the price, not knowing funds been throwing and funds do not want to pick up even at the current price.
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....