Series of markup n markdown along the way, till a long accumulation that leads to the covid-19 served as a purpose for markup phase. It should be done by now and continue at a trading range.
Utilisation of Point & Figure Chart to find out the final round for this particular Share : HLT Global Berhad. Involved in rubber gloves in aid to the pandemic Covid-19. The chart showed the long region of accumulation, Covid-19 served as a perfect markup phase for HLT. Therefore, what the smart money wants to achieve looks to be there soon.
With K1 announcing involvement into the Covid 19 venture, this share sparks a sudden surge after it has been in sideways for so long. Therefore, we decided to conjure up the possible markup should this share deserves the attention it needs. Albeit a different take on the starting point on the W1, achieving the target is in conjunction with the previous resistance...
Testing Gann Fan theory to Futures Crude Palm Oil (FCPO) current outlook, positioning within 1930 support line as well a married with Fiboanacci Sequence and Elliot Wave theory to find the bottom. Breaking the crucial support would mean the worst possible position since post GFC 2008.
With current Covid-19 yet to reach its end, we suspect Healthcare & its' related services will be a catalyst for the markup on COMFORT. Evidently seen during 2009 on H1N1 influenza, then quickly flushed down when the virus was subdued. This time maybe different, but remain cautious due to any covid 19 recovery factors. We shall see.