@trade2win1027 tested 66 cents 3 times and pull back.. what's that mean?|
Find out what happened when it pulled back then you will know. As for tomorrow, by 10am you should be able to sense its direction. Fourth wave is coming. If you know when it is hitting, you can ride it till the beach
@bowman If pullback 3 times means most the bears have made their trade already. And that the most probable move next is breakout? Im very new to trading still. Someone kindly sifu me please.
Yes I understand resistance is at rm 0.66. From my limited understanding. This is because many ppls sell when the price reach that price as compared to buying. What does this multiple pullback imply is more what im interested to know. Usually after multiple pullback mean? Why fourth wave? That is what I am more concerned? Please enlighten. Thanks.
@Serizawa If pullback 3 times means most the bears have made their trade already. And that the most probable move next is breakout? Im very new to trading still. Someone kindly sifu me please.
Good observation. This is how momentum is built in this special case. From the growing fundamentals, like Carepls good numbers and Top Glove high flying, HLT stands a good chance. In any case, if you are buying the warrants, it is at a discount actually. From the candlesticks, and other supportive indicators, today should end on a positive note. Let's wait till 11am.
If you are cash buyer, just hold it and put it there, you will be rewarded at last. Half year to go for year 2020 and you can hear of rumours of so many company keen to venture into glove making plus the 15years zero tax rate, I believe this could drag in interested of foreign glove manufacturer?
these counters are floating in the sea themselve ady... hlt, lkl, esceram, ocncash.. and also carepls, supermx and comfort.. so no need refer to Topglov or Harta price movement..
Covid-19 pandemic has bought up the awareness of worldwide healthcare industry. Economics wide, with strong demand and a little bit pricing power in glove industry, in long run, we will see more and more new entry into the market and existing firms will continue to expand the production until the profit is maximized. Warrant is expiring in 2 years time, we will see the price from discount turning to premium. Any chances just grab cheap ticket when panic sell is happening.
Funny thing about this warrant - everyone knows that at 20sen premium, it is a bargain when compared to mother share prices almost always. Yet, people chase mother share. These coming weeks will see a more fairly distributed trading and if mother share is 78sen, the warrant should be 58sen thereabouts. As for whether this counter will rise or stay flatlined, check out which company will soon invest in new production lines and how this HLT can tap into this local outfit's needs.
It need some time for investors to believe the value, as long as the mother share price is within a sustainable level for one month at least, -ve premium will be turn into +ve premium.
If you have made 7 rounds already, only trapped by this one, just wait it out. it cant be down forever or up all the time. US is experiencing rise in Covid cases. India too probably will see high spikes. Despite world production increase, gloves are needed very day, Covid or not. And yes, Beijing has just imposed lockdown.
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....
Rosli Mohamad
41 posts
Posted by Rosli Mohamad > 2020-06-08 01:04 | Report Abuse
thats maktua pushed up to rm 1.00 this month...