aimit

aimit

Stochastic indicate a possible rebound on last trading day when slow stoch cross up the fast. It has been trading under oversold signal for quite a while too. We can see also MACD also showing smaller divergence since last 9 trading days.

aimit

Alphaindicator as reported by BursaMarketPlace still call it a BUY (yes 9 analysts call a buy). Highest target target price as of 1/8/2020 is RM21.80. Detail report: www.bursamarketplace.com

aimit Updated 

The price has been testing RM17 support for few days since Monday, but it looks like a very strong support for this week. Covid19 threat has been giving indication that it might hit our country for the second time (no thanks to stubborn Malaysian who did not follow SOP & foreigners for bringing Covid19 to our country). Outside Malaysia, (US, Australia,...

aimit

It's not the end for gloves just yet. Entry point 4.36 or 4.46.

aimit

I would wait for 0.445 for today, why? The formation of inverted hammer look-alike is a hint that pullback will come in. If 445 is broken then next support at 430. What if pullback never happen? Good for current holders, new ones wait next days.

aimit Updated 

Ok by now we all should know that the government already make it compulsory for everyone to use face mask in public area and transportation starting 1st Aug 2020. What is so different from previous situation? - it is compulsory, like it or not people will need to wear - previously optional, no big deal - school already open, more face mask to be used by pupils...

aimit Updated 

Take a look at the almost identical chart pattern for MYX:COMFORT , MYX:CAREPLS , MYX:SUPERMX & MYX:TOPGLOV . If we have to choose only 1 from among this 4, which one should be better option? I will choose MYX:COMFORT due to headroom between lowest low in downtrend and highest high prior to selloff last week. COMFORT : 48% to go. CAREPLS: 34% to...

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Yesterday MYX:SUPERMX as expected by many, getting higher and closed at 15.98. With Covid19 is still prime concern (eventhough many Malaysians think we are safe), there is no sign to show that why we should stop buying SUPERMX. Some target price by analyst: 9/7/2020 Affin Hwang Capital - Target 13.90 7/7/2020 Kenanga - Target 14.00 both target already...

aimit

Technically based on position of current price, 20MA, 50MA & 200MA, it looks good for further retest of next resistance at 0.37. Furthermore slow stock just crossing up on Friday indicating daily trend reversal.

aimit

8th Jul, MYX:LOTUS was lifted from PN17, price soared up and beat highest high since 2011. Pullback next day possibly due to profit taking and doji pattern the next day indicate indecisiveness. OBV still looking good last 2 days pullback was minor. It looks good for a rebound.

aimit

It's a strong support at 0.34. But there is possibility that it will not reverse to this point looking at last day pattern where buyers managed to push price from this point to 0.35. If not reverse than confirmation at 0.36, going to next station possibly 0.39.

aimit Updated 

Not many counters in radar today. The best pick is KUB. I would watch buy on dip at 0.460 or 0.415.

aimit

New entries might want to wait it break support at 0.31. If it break support next best entry at 0.29. Bigger direction is up trending so it will not trouble mid term trading too much. Why should not worry? - look at how directors keep buying - last time the price at current high was in 2014, it breaking new highs Why expecting pullback tomorrow? %K the fast...

aimit

MYX:AIRASIA closed at 0.705 today. The cheapest price since Covid19 is at 0.50, so let us see if it will break below 0.70. If broken then next possible value is 0.60. It's still not in Bursa's PN17 list and inverted hammer pattern was seen today. So 0.70 might be a strong support, but let see what will happen tomorrow.

aimit

MYX:JFTECH might be very safe for mid term swinger. The strong uptrend has began back in Nov 2019 before it was broken in Feb 2020 due to political situation (Sheraton Move), and MCO in March. But right after the first day of MCO, it started climbing back until today! However the uptrend was quite accelerated in the last few days starting 22 June when it first...

aimit Updated 

I hope it is. Next Monday mighty be the day for; 1. Slow stoch to cross up the fast 2. MACD histogram to change color towards divergence of line & signal 3. Breakout of cup handle How about the extension of short-selling until of end of the year? Sounds like an extra "ummmmmpppphhh!" to the market.

aimit

Covid19 hit transport sector just like any other sector, for GDEX the lowest price is 0.115 on 1th Mar 2020. Support level before Covid19 at 0.26, and now after Covid19 its last price is 0.355. It reached 52W high 0.445 on 27th May. Based on STOCH we can see trend changing. Afterall GDEX is a good place to put our money in, who on earth don't buy online? It...

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The much awaited return of rubber & glove sectors now happening, triggered by; 1. Second wave Covid19 in US & China 2. Feels good on short selling banning until year end 4. Sentiment on banking moratorium also until year end MYX:SUPERMX looks good to test 8.05 or 8.20. Happy trading.