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XOX - to south or north?XOX is a penny stock and the rise in the price was recently due to JV news with China company (Jiangsu Sulian). This Chinese company representing undisclosed Chinese telecommunication company. What can it be? We all know what Chinese company can do, they are advance in 5G network. But what we do know about 5G in Malaysia? Yes we know until now nobody is getting hold to the spectrum. Technically if you own technology but don't have the spectrum, it's useless here. Today XOX closed at 0.20, a strong support. Tomorrow if this strong support is broken then it will go to 0.18 and later 0.16. Price action is everything. It may rebound with strong volume, watch closely.
MYX:XOX
by aimit
SUPERMX - should we expect big bull next week?The price has been testing RM17 support for few days since Monday, but it looks like a very strong support for this week. Covid19 threat has been giving indication that it might hit our country for the second time (no thanks to stubborn Malaysian who did not follow SOP & foreigners for bringing Covid19 to our country). Outside Malaysia, (US, Australia, Philippines, etc) it did not get any better. Eventhough MACD line looks like a crossdown will happen (this will confirm downtrend), but it can still deviate given heavy buy on Monday. OBV still looking good, big investors still there. Careplus declared big profit, the same or better is expected from Supermx.
MYX:SUPERMXLong
by aimit
TEKSENG & some more face mask countersOk by now we all should know that the government already make it compulsory for everyone to use face mask in public area and transportation starting 1st Aug 2020. What is so different from previous situation? - it is compulsory, like it or not people will need to wear - previously optional, no big deal - school already open, more face mask to be used by pupils everyday? you know if you got kids - lately more new Covid19 cases, the fear will make people come back to SOP and use more face masks The point is, more and more face masks needed. Good news for face mask counters? Yes! Some related counters: - TEKSENG - www.tekseng.com.my - KOMARK - www.theedgemarkets.com - NIHSIN - www.nst.com.my - CAELY - www.theedgemarkets.com - PRLEXUS - www.prolexus.com.my - SCGM - www.theedgemarkets.com - NOTION - www.thestar.com.my - EG - www.eg.com.my - XDL - www.theedgemarkets.com Is there anymore? Please put in comment. Here is price change for the last 5 trading days: *TEKSENG 38.1% EG 26.5% *SCGM 25.8% PRLEXUS 20.2% CAELY 19.2% NOTION 7.8% NIHSIN 4.9% KOMARK -2% XDL -8.3% *counters breaking 20W high (high momentum, yeah) What about MYX:TEKSENG tomorrow? It closed 0.87 on Thursday. Last time it was at this high was in 2016. Nearest support now at 0.80. Moderately to wait and see at this line and enter if not broken. It has been gaining for 3 days so might me pullback on Friday for profit taking.
MYX:TEKSENGLong
by aimit
4
COMFORT vs CAREPLS vs SUPERMX vs TOPGLOV - which one is better?Take a look at the almost identical chart pattern for MYX:COMFORT , MYX:CAREPLS , MYX:SUPERMX & MYX:TOPGLOV . If we have to choose only 1 from among this 4, which one should be better option? I will choose MYX:COMFORT due to headroom between lowest low in downtrend and highest high prior to selloff last week. COMFORT : 48% to go. CAREPLS: 34% to go. SUPERMX: 27% to go. TOPGLOV: 12% to go. Which one is the fastest among them is not covered within this analysis. But we are getting the idea on how much to gain before that particular counter reach previous highest high which will come very very soon. Are you ready?
MYX:COMFORT
by aimit
7
SUPERMX - how high is high?Yesterday MYX:SUPERMX as expected by many, getting higher and closed at 15.98. With Covid19 is still prime concern (eventhough many Malaysians think we are safe), there is no sign to show that why we should stop buying SUPERMX. Some target price by analyst: 9/7/2020 Affin Hwang Capital - Target 13.90 7/7/2020 Kenanga - Target 14.00 both target already surpassed. Latest Malaysian top investor Mr KYY make some comment with new TP of RM24.20 (he said this target is easily achievable). Read here: klse.i3investor.com So just enjoy the ride for the moment & don't forget to smile :)
MYX:SUPERMXLong
by aimit
2
MINETEC - pullback might continueNew entries might want to wait it break support at 0.31. If it break support next best entry at 0.29. Bigger direction is up trending so it will not trouble mid term trading too much. Why should not worry? - look at how directors keep buying - last time the price at current high was in 2014, it breaking new highs Why expecting pullback tomorrow? %K the fast stoch even though still above %D is getting closer to each other expected to cross down and there where pullback start to happen. If there is pullback wait for 0.29.
MShort
by aimit
2
JFTECH - trend is your friendMYX:JFTECH might be very safe for mid term swinger. The strong uptrend has began back in Nov 2019 before it was broken in Feb 2020 due to political situation (Sheraton Move), and MCO in March. But right after the first day of MCO, it started climbing back until today! However the uptrend was quite accelerated in the last few days starting 22 June when it first breaking all time high and keep going with new highs. What is JFTECH? "We engineer high performance test contacting solutions for the semiconductor industry to validate IC devices that go into smartphones, wearable electronics, automotive, solid state storage, military, internet of things, medical and electronic appliances." So it is the manufacturer for of testing device to validate integrated circuit used by wide range of technology players as above. Let's use NASDAQ as the benchmark, and see how much MYX:JFTECH relate to NASDAQ trend.
MYX:JFTECHLong
by aimit
2
GDEX - not only it has recover from Covid19 but even betterCovid19 hit transport sector just like any other sector, for GDEX the lowest price is 0.115 on 1th Mar 2020. Support level before Covid19 at 0.26, and now after Covid19 its last price is 0.355. It reached 52W high 0.445 on 27th May. Based on STOCH we can see trend changing. Afterall GDEX is a good place to put our money in, who on earth don't buy online? It even better after Covid19 because people spend more while staying at home, and they dont prefer to go out for shopping.
GLong
by aimit