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Gloves

Selling pressure is in HARTA *refer to the image link* Today HARTA is trading with high volume at the high price in the morning, while price is not marking higher. This indicates the big boys have no intention to mark the price higher & a price retracement is on the way. High volume price down happens around 11:40 & 12:15 shows the selling pressure is in. We see a few glove makers are having the same price & volume movement. Today shows the first day of high volume sell down within the day. We expect price retrace in the next few days.
MYX:HARTAShort
by ROUNDnSURGE89
Harta. fundamentalist should learn how to read chart. 10/May/22Harta. Just posted a “quarterly earning in lost” for the 1st time in “history”! since it was listed. So...so..Sell the “news”? Or buy the “rumors”?..Most Traders/ Investors Trade based on “news”.. if they can’t read one. They “create” their own ..falling into “own illusion “ just try to “ convince “ themselves to buy certain equity with their own “bias”...We’re not the boss or the directors of the listed company..Whatever “balance sheet” presented is sometime/somehow is for xxxx only....chart reflected the “hidden agenda”.. News is just “the timing”....Doesn’t matter is good/bad fundamentals news...
MYX:HARTA
by SteveTan
Cyclical stocks & 5 elements (e.g : Palm Plantation) 22/2/22Today not just "The Sun Calendar" is all 22 BUT Lunar calendar day also 22) = - The Practice of Chinese Core Five Elements Concepts for picking up Cyclical stocks ? Showing here is Malaysia Plantation Index ( Mainly Palm Oil Plantation ) .. It seem like The Index showing "up trend" when entering "Water Element" months of Lunar Calendar? Why?! Water "Growing/Generating" Plants? Show logical?... AND it show "down trend" when entering "Metal Element" months.. I'm puzzling why?! Metal " Carving/ Counteracting" Woods?.. Show logic?..Hmmmm... Then How about "Earth Months".. Look like "side ways/no obvious trend" market.. Why? Plants need to "use/consume" its "energy" to Hold the "earth", Stopping "landslide"?....Hmmmm. How about Glove Stocks?! Either Rubber Tree, or Nitrile, Latex, and Vinyl Gloves under "wood elements" category.. Hmmm.. Look like the next up trend going to be "glove stocks""...
MYX:PLANTATION
by SteveTan
TOPGLOV target hit as previously expected (Told you so)MYX:TOPGLOV has hit my second expected target of RM2.00 yesterday. First target RM2.30 and was spot on achieved in early November 2021. I started following this name since November 22, 2020 and has been posting numerous posts and warnings of it coming down. Yet I get laughed at with people saying how can a profitable company fall to RM2 from a whopping RM7+ after bonus issue? Well, look at how it fell. To me, whether the company is profitable or not, it doesn't really matter, because prices are moved by supply and demand. It doesn't matter at all if its a profitable company or not, fact is it is sliding down, the actual question you should ask is what are you going to do about it given that it is sliding down. Not sit there and continue to be in denial hoping it will make a comeback and continue to gather all possible news to support your bagholding. That's living in denial. Hope we learn a lesson from this. Expecting it to hover around RM1.80-RM2.00 for now. Wil definitely not buy this.
MYX:TOPGLOVShort
by Richkierich
Told you so (TOPGLOV chart updates)Following up with my earlier post, MYX:TOPGLOV is moving as expected towards the RM2.30 area first, with some possible support at RM2.00-RM1.80 region. Just would like to highlight that the "Dollar-cost-averaging" method only works with uptrending stocks. When you encounter stocks that are in an underlying downtrend, implementing the averaging down method will only cause more hurt than gain. P/S: I do not rely on income statements, balance sheets or market news. In my opinion, the information the charts present is sufficient to easily tell the probabilities of the stock moving in which direction.
MYX:TOPGLOVShort
by Richkierich
TOPGLOV - BULLISH IMPULSE SOONWith coronavirus outbreak in 2020, glove stocks have seen immense upside. However, since August 2020 until now (April 2021) - it has been in a lengthy correction as if there's no hope left and uncertain whether or not glove stocks could still perform in the future. Utilizing Elliott Wave Theory, it is likely that we are about to complete a Flat Correction (A-B-C) with Ending Diagonal. Breaking above 5.520 will likely imply that the bottom is in, and we could easily see a conservative target of 10.00 This is purely from Technical Analysis perspective, disregarding its fundamentals.
MYX:TOPGLOVLong
by TranscendentTrades
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
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