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Glove

Hartalega - Breakout means Glove can still runHartalega made a massive move today, followed by strong moves by Toglove as well. This is what capital flow is all about. You don't dismiss breakout of all time high. This breakout is significance as it is telling us that gloves can and have room to run, yet. Which means that gloves can give a decent return and its bull market may not be over yet. Based on this signal alone, I have put positions in glove stocks again albeit some have not yet broke their all time high but I am taking the risk now. With Nasdaq strong performances, it is the best bet to remain bullish. Of course, bullish without taking debt/loan/margin/leverage. This is how the stock market works. You make money from MAJOR MOVES and TRENDS, not day trading with high leverage like gamblers. Regards. I don't read messages and comments, stop wasting your time.
MYX:HARTAEducation
by UnknownUnicorn735418
1
Glovemaker, still early to tell but now is Defensive mode.Defensive mode is where you locked all your profits that you have made and you wait for that 30-40% pullback to buy and then sell in rebound. No confirmation that the parabolic move will continue until a decisive breakout above previous all time high. In this case, it will be better to be cautious, take profit and make the assumption that it is over. It is too early too tell, we need to wait for few months to see how the price action looks like but this month doesn't seems good for glove makers. Very likely it will be a long consolidation phase before another major move or maybe it is already game over now. It also depends on global market and how Nasdaq is going to do, I suspect the global market is heading into correction and it will take FEW MONTHS before Nasdaq can break and be above 10000 comfortable. Regardless, we are focusing on the long term trend, not short term noise. That's the reality, trading and investing is all about PROBABILITIES and RISK MANAGEMENT, not about ego. P/S: Don't pm me because I don't have time.
MYX:TOPGLOVEducation
by UnknownUnicorn735418
SUPERMX - Malaysian Glovemarker - Next Target is 11-12 ishThat nasty wick to the downside surely forced a lot of liquidations on people who are using margin or leverage to trade. Good for them. Hopefully they will go work as Grab driver or in McDonald. Oh yeah, I forgot we have that covid thing. Whatever. Good riddance. Anyways, this is still going to up. After the wick, it made a new all time high. The momentum and capital inflow remains intact. Will stay inside this one and ride it all the way up and together with other glove makers too. With Nasdaq going to break all time high soon. This is the only way to survive the world for now... financially.
MYX:SUPERMXEducation
by UnknownUnicorn735418
1