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Fbmklci

TOPGLOV - Invert Scale for HODLers/TANKers Rubber glove stocks seem to be heading downhill currently, falling to the lowest points since the reverse of the strong upward trend in October. Despite the slump in these glove stocks, I believe Top Glove offer some of the highest sustainable dividend yields in the world - the glove sector was an attractive sector for many years prior to the pandemic, and it will likely be even more attractive in the post-pandemic era. I understand you think it is more to bear than bull at the moment. Trader you may cut loss. For hodlers/tankers, we think it is very very undervalued and oversold. Investor stay strong and keep tanking. :) At the end of the day, you THINK what you THINK. Here's the chart for HODLers/TANKers, the rising wedge, PEACE!
MYX:TOPGLOV
by Inandouthunter
5
KPOWER To Rebound From EMA20 ? KPOWER has been in a long uptrend and I have been patiently waiting for a reasonable entry. Perhaps this could be the time? KPOWER and Dynamic Support KPOWER is testing its EMA20 dynamic support. Since the rebound from March 2020, specifically May 2020 onwards, the share price has followed the EMA20 quite closely, showing good short-term uptrend. Despite breaking below it a few times, it was supported by the EMA50, which means that it is still on a mid-term uptrend. Also, the stock is still trading above EMA200 and hence, is on a long term uptrend. Since November 2020, the share price has been well above the EMA20 and only lately has it been testing it (twice now based on daily candlestick chart). Today, it closes at RM 2.31, on the EMA20. Could this be a possible chance for a rebound? Based on the last 2 weeks, the share price is down 17.5% from the closing price at RM 2.80 on 18 Jan 2021. Next dynamic support based on EMA50 appears to be around RM1.95 - 2.00 which is 13.5% below today's closing price (RM2.31). For KPOWER to fall that much, there must either be something really wrong with the fundamentals or it could be a really bad sentiment. But I can't think of anything as serious for now which is why to me the EMA20 dynamic support appeals as a a good buying location. KPOWER and RSI Now, looking at the RSI, since March 2020, the lowest the RSI has come down to is about 45. Usually, for this stock, buyers should be cautious when the RSI is above 75. The current RSI stands at 53.64 which is neither overbought (70) nor oversold (30). But based on the past trends, it comforts me to know that the RSI is closer to 45 than it is to 75. KPOWER and S/R Should KPOWER rebound, the next resistance may be at 2.65 while the support for now appears to be at 2.31 which is also where the EMA20 is at. Based on the above technical analysis, I find KPOWER's current setup to be quite attractive (leaving aside fundamentals and market sentiments) given the strong uptrend it has shown in the past with very little room for entry.
K
by niroshiman2012
MAYBANK - Head & Shoulder APA LAGIThe profit target for the pattern is the price difference between the head and the low point of either shoulder. I would say it's RM1.05 differential. Having said that, imo the demand area for a bounce or reversal would be around RM7.00. Covid-19 daily cases in Malaysia have been breaking ATH after ATH. The nation's healthcare system is at a breaking point. Govt warns it will impose full-scale lockdown if infections don't decrease. Still, Maybank is Malaysia's largest bank and the largest company. I will be definitely looking to add by stages if it really hit my target price.
MYX:MAYBANK
by Inandouthunter
3
FBMKLCI: Bullish for GOOD or BADBased on my view, 1) market break the trend and now starting to bullish to completed the last wave (wave 5) - Bullish for GOOD --------------- OR ------------------------- 2) Market already completed correction for wave A and now bullish for wave B before continue bearish for wave C - Bullish for BAD with current pandemic situation right now and the new MCO order from Government starting next week, most probably the FBMKLCI market will Bullish for BAD.
FTSEMYX:FBMKLCI
by raslaffan