KAREX, another wave soon?Gained > 8% since the first post about Karex on 15/7.
Another wave coming soon?
It won't be my EP at this moment, as still OS.
Let it build the momentum. Maybe happen anytime begin next week onwards.
Let see what happen next. To follow up again.
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KAREX trade ideas
Karex vs Topglove. Apple vs Orange? 29/Sept/22Karex as world largest condom producer + main “supplier” for Durex.. Some “compare” it with glove stock. E.g topglove. As both are the “biggest player” of “rubber”products..One should have the “same fate” of the others. Just 1 question. Does human need “standard SOP/ protocol “ during sex activities.. Or “condom” or “gloves” is a “ must/need”?...
**Non-shariah**KAREX Good time to Entry BuyBuying Checklist
Daily TF
1. Bank accumulation exists.
2. Stochastic bullish divergence.
3. Price cross above EMA6
1H TF
4. MidBB cross EMA50.
5. Momentum Buy (Price close outside BB)
6. Stochastic Bullish continuation divergence.
Why entry now? Because 1H stochastic is oversold!
According to HongLeong Investment Bank (HLIB), they target the fair price value is RM1.19. Wow!!
KarexImmediate Support Zone: 0.66-0.70
Immediate Resistance Zone: 0.80-815
Look for the entry opportunity near to Support Support zone by Using VT Stoch. indicator
Forecast next quarterly report to be release around end Nov 2020 will be further improved.
(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
Karex Bhd, the New Season Business Trade. Karex Bhd, the world’s top condom maker, said it has converted two of its lubricant lines to make hand sanitisers after requests from medical customers. They try it from small amount, but for sure it will be a consistent supplies in the nearest days. Forecast the business trade will be trying hard to break the resistance. And if the resistance is broken, consider Long position can be open. As for today, the trade still resting, and perhaps it will be a bull trade for this season.
9th December Market OutlookWe can see after minor weakness kick in on global last week, a quick rebound took place. Might expecting more upside on global next week. However, do take note next week a lot of high impact news (such as UK Election, FEDrate ) which might hinder the bullish momentum or if better, giving indices a boost if outcome is favourable to the market. As for KLCI, retested the crucial support region 1550-1560, and rebounded. As long can sustain 1550 for now, expecting this might be the turning point for the indices as we see some positive signals appearing in certain sectors such as construction, tech and small caps. Energy sector still neutral at the moment, but oil price surged back to 65 region, and the bullish movement still intact at the moment.
HSI- Looking good if sustaining 26000, possible upward movement if can sustain 26000 from this point onwards. But do take note on the trade war outcome( 15 th December )deadline is still in place to impose a new round of U.S. tariffs on Chinese consumer goods.
KAREX - Bearish, No Significant Sign of ImprovementKAREX - Bearish engulfing candle formed upon touching MA50, signalling strong resistance at this level, immediate support at 0.43. The stock is still in big bearish trend, volume is thin, rebounding indicators may have hard time pushing above since trend is bearish. So good to avoid.
<TradeVSA> Karex to test Resistance after removing SupplyStrength in the chart:
1. Confirmation on accumulation
2. NS signal at support
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Who have the best setup? Karex & NextGreenStrength / Weakness in the chart:
1. NextGreen
a. Weak background
b. No buy volume yet
2. Karex
a. Pullback in Downtrend
b. High volume with widespread bars
Send us your preference stock to review based on TradeVSA chart by comment at below.
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Karex Technical HighlightsChart-wise, the stock has been trading in a range between RM0.750 to RM0.850 for the past months.
Momentum indicators continue to show meaningful upticks and the 20-day SMA has just crossed above the 50-day SMA yesterday for the first time since October 2017.
From here, we expect the stock to face resistances at RM0.925 (R1) and RM0.995 (R2).
On the other hand, supports can be identified at RM0.850 (S1) and RM0.750 (S2).
