Hartalega dynamic cycle analysis. 15/May/24Hartalega still trending up to cycle high 4 ( purple ) which is only due at end of year by average (near yellow vertical dotted line) . So how "hi" can it goes?!
Hartalega
Hartalega is forming contracting triangle. 15/May/23.Hartalega’s “the worst” is over. As it “start making profit “....But “bumper to bumper” road still ahead. P/s...For this it incurred a one-off impairment expense of RM347mil in 4Q of FY23 – dragging the company into the red for the full year with net loss of RM218.04mil, as compared to a net profit of RM3.23bil in FY22.
Hartalega. Good News! With new low! 3/March/23.Good News! With breaking new 52 weeks low, Hartalega is forming a ABC ( Red Circled) correction = it will take “shorter time” to break All Time High ( ATH). Instead of ranging e.g triangle/ double zigzag etc..
Hartalega. “Simple” dynamic cycle analysis. 21/Feb/23.Hartalega. For its past 3 dynamic cycle ( no. 2 purple) always near the blue vertical dotted line. So.so...So!!! Hartalega having “high probability” trending up until end of 2023 min for next cycle no. 2 (purple).
Hartalega possible forming a triangle pattern. 18/Feb/23.Hartalega As Topglove And supermx possible forming a triangle BUT a variant as cup and handle or VCP pattern.
Hartalega. Yearly demand Zone. 9/Feb/23So!...it’s very obvious that HARTA yearly chart much more “clearly/beautifully” compare to Topglove yearly chart as it had a very “big bar 2 (Cyan/blue) and its 2022 yearly chart just “seat” above demand Zone!! P/s..Following my previous chart on Topglove, I will be giving further analysis not just about Topglove but health index , glove index which comprised of Topglove, hartalega, Kossan, supermx plus each individual stock’s major yearly demand Zone. Traders can “manually” “eye scanning” any charts in any time frame. Especially higher time frame e.g weekly, monthly, yearly etc to check how “reliable/ strong “ those demand Zone..
HARTA Short term price peak show in 5 minutesTransaction today shows high volume at the day high with price maintained in the same range .
This shows the price is reaching the price peak with potential selling pressure coming in.
Based on our analysis, next trading day price will not sustained at the high side. Price might fall after morning price hike.
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.
Glove’s Index volume info graphic comprised of 4kings. 3/Oct/22This chart shown the average price ( index) of 4 major gloves manufacturers in the world which are Topglove, Hartalega, Kossan and Supermx where they “contribute “ almost half of the world’s gloves market. As said trend is our friends but without “volume” in stock market there is no trend. The “shifting” polarity of bull trend to bear trend all cause by “panic” buying ( climax)/ selling Climax probably due to FOMO ( fear of missing out) in uptrend and “fear of losing” ..due “borrowed money” which cause “margin call” in downtrend..
HARTA long term bullish reversal w/ confirmation. 30/Sept/22Harta have long term bullish reversal setup with confirmation entry! Harta’s stock price By breaking wave b (cyan) the subwave of last impulsive leg down which is wave (v)(Red) confirmed a reversal signal for down trend Since August 2020...P/s people asking if you are so good why just don’t “keep yourself?!” R u trying to show off? Selling signals or looking for investors? Not at all. As we know, 1 ways to improve our trading, traders is to write down their “trading journal” instead of “keeping myself “ I write down AND Let “the public” to be “my judge” would be “more motivated “ to correct my mistake..
Harta. Where is its demand / base/stop? 16/ August/22Harta’s previous major demand / base / stop was created on 3 August 2015 monthly bar as shown on chart.
HARTA. Finding its ying/Yang force with channel. 14/July/22. HARTA. Today I gonna “bullsxxxing” a “myth” about ying ( seller force ) , Yang ( buyer force ) AND neutral force ( median line of parallel channel) again “represented” with parallel channel. P/s Since tradingview “free user” don’t have enough data feed. I have to “superimposed image” by using 3rd party apps to have more “history data” for “whole view” of its chart where it is still publishable in tradingview.
Harta’s “base” maybe @ around Rm2.37. 19/ June/22Disclaimer : All past, present, future chart analysis are for illustration, research, studies purpose ONLY.. Harta/ Hartalega May still yet to found its “footing/base” at around Rm2.37-Rm2.38..before having “very deep” “pullback “ from downtrend .possible reaching @ around Rm15..
HARTA possible drop to around RM4.38.. 12/Jan/221)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
HARTA may done long term correction. 29/Oct/21HARTA may completed its running flat pattern abc (green).. at RM5.440 where wave c (Green) price stalled at :- 1) Lower Trend Line ( Cyan/Light Blue Dashed) of wedge pattern/Ending Diagonal Pattern 2) Major Weekly Demand Zone (Cyan/Light Blue Slim Rectangle Box ).. Daily Chart might form a triple bottom where price will come close to RM5.550 before resuming up trend...Cut Lost for the long will be at RM5.440.. Target Profit is above RM20.00
Malaysia Glove's IndustriesLooking for confluence between Malaysia Index and the Hartalega stock. Both currently at the previous SNR zone which can be an early signal for a bullish reversal. We will wait and analyze for a reversal + engulfing candle at the possible support area.
Good Sentiments On Monday, TGLVY up 68.5%, RSI oversold reboundPersonally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks.
1. Draw Support & Resistance
2. Identify the stages (Accumulation, Advancing, Distribution, Declining)
3. Entry Triggers
4. Stop Loss
5. Exits
I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices!
TGLVY up 68.5% on US Market will boost short-term sentiments on gloves sector on Monday. Short-term will rebound from RSI oversold position
Hartalega Position for Entry (LONG) Strong FundamentalPersonally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks.
1. Draw Support & Resistance
2. Identify the stages (Accumulation, Advancing, Distribution, Declining)
3. Entry Triggers
4. Stop Loss
5. Exits
I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices!
Hartalega Chart Major Support & ResistancePersonally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks.
1. Draw Support & Resistance
2. Identify the stages (Accumulation, Advancing, Distribution, Declining)
3. Entry Triggers
4. Stop Loss
5. Exits
I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices!
Hartalega Chart Major Support & ResistanceTechnical Analysis
Personally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks.
1. Draw Support & Resistance
2. Identify the stages (Accumulation, Advancing, Distribution, Declining)
3. Entry Triggers
4. Stop Loss
5. Exits
I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices!
Hartalega Holdings - A Neutral StandstillIn this week ahead, the glove stocks are poised to receive shocks from the Malaysia's Parliamentary tabled response on the take of Malaysia 2021's Budget Reform.
This reform entails high fundamental risks to not only glove stocks but also other relevant stocks such as "The Renewable Energy Sector" as the budget pursues a wide variety of efforts to spearhead a conservative development on the companies recovery as well as in prevention of susceptible financial shocks within the country.
As seen on the chart, the support and resistance are drawn and matched precisely in accordance to the stock's historical transactional volume whereby the highs and the lows presented a box of a specific R-R gameplay for investors to look out for. MYX:HARTA
HARTA 8/9/2020Stay away. If you know head and shoulder pattern, you know this is not looking good. Perhaps one of the ugliest looking top tier glove chart at the moment. If things really go south for glove counters amid the vaccine discovery, harta may experience larger-than-peer drop.
