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Supermx

Supermx. Why it already @ multi year “bottom”? 7/Nov/22.Supermx. “Why” its stock price having “high probability “ @ multi years “bottom”?! The “answer” lie within this “bunches of” ema crossover! BUT it’s not “a simple” so called ema’s crossover / ema’s act as support/resistance “ strategies. You got to “see/check” stock’s price “whole pic” from yearly to 1 min chart..It might take you > 10 years / 10k hours to find the answer as I did. EMA is the ONLY indicator I still keep it now to “confirm my entries on the empty right space of any chart” after “trial and error/ back testing,super” few hundreds even thousand indicators/system. You probably won’t see my past analysis with “bunch of ema’s” because it “look messy” as “most expert traders” will tell you try to keep your chart “ as simple as possible “..But to be honest there is nothing is “simple” chart in trading. As a “simple ema system” is not just a “simple” ema crossover/support/resistance strategies”... Those “master traders” said so because only they have tried hundreds if not indicators but system only they could come into “zen / zone” stage by “throwing” unnecessary staffs. But novice will learn the piece by piece only by reading “simple chart”..Tips : Always try to “discover” with why/ how.. As human’s most “inventions” get inspired by “discovery/ explorations” ..To have “discover” new things Once a while we need to break the rules. E.g. The world “most laws/rule/standards protocols” is set by westerners so to have “innovative ideas” we must “break their rules” once a while as they break their own ancestors’s “rules”..
MYX:SUPERMX
by SteveTan
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..
MYX:TOPGLOV
by SteveTan
Supermx. Finding its ying/Yang force with channel. 14/July/22.Supermx. 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.
MYX:SUPERMX
by SteveTan
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