Its highly possible that Top Glove and other glove shares could head down to pre-covid level and for top glove, this means price level around 2-3 Ringgit. My reasoning being 1) from time perspective, the 2 peaks (Aug 7- Oct 19) are 73 days apart, then from the Oct 19 top to Jan 4 bottom is 77 days (could be 73 if not for the long weekend), then from Jan 4 to...
With NCLH resuming cruise services soon, we should expect prices to head up higher. Technical correction on March 4 & 5 right on the 0.375 level and bounced up closed at the same price as the top on Dec 9. NCLH has been turning on the 5th of the past few months. Also note the turns on the 9th as well. With High Volume on March 5 we may expect a change of...
March 2: US30 futures is retracing and getting ready to launch to the moon. It should retrace to about 31355 which is the .625 level and just about to close that gap up after the market closed on Mar 1. Otherwise the next support is the 50% level @ 31252 Lets see if this eventuates.
RHB is a good example of Gann. From Feb 2 it's 14 days up to Feb 16 (incidentally it's an perihelion date), and 13 days down to March 1, with retracement at 25%, then you have a March 2 bar sitting right on 50% as support . Very good sign to go long for a swing trade. 1 week time frame.
With snowstorm blowing across northern hemisphere, solar and wind power have failed to work under the cold weather.
The EV and Solar battery storage era has pushed the demand for lithium. just look at it go ...
Copper is among one of the key ingredients in building batteries, and with the current boom in solar and ev batteries, and copper price has been rising, I believe SCCO is poised to go higher, much higher. Copper, Lithium, Nickel are 3 key components in batteries. Tin is also used for soldering the joints 2.2B cash and P/E 20+ not a bad one to get into
With the housing boom going currently in the US, you would expect housing supplies and construction to do well. Quanex is showing good momentum, and sitting on 21.66 which is the long term support line for many many years (just scroll back chart), it bounced up nicely on 21.66 recently and now seems to be consolidating under $25. It should explode from here...
b2Gold will be announcing earnings on Feb 23 (Gann seasonal date) and prices has been sitting on support level $5. Current Gold price 1800 is a profitable level for all gold miners and b2Gold operates in low cost regions like Africa etc. sitting on good cash level +500m and p/e 8. Good to collect now ...
2021 - INFLATION YEAR Palm Oil has just done with it's retracement and sitting on support at 3162. Since then it has bounced up nicely. If you are in the Malaysian markets, you can go long on FCPO futures or invest in some of the Palm Oil companies on Bursa. I will try to shortlist some in the next post
Pendal Group has been established since 1960 and with financial companies in developed countries picking up steam, Pendal looks to benefit from the stimulus pumped into the economy. Despite the Covid challenges, Pendal is set to shine. Here is a look at Pendal and TA perspective, it has been turning around 6th and 7th of the last 3 months (Nov, Dec 2020 and Jan...
Looking at the big picture, KLCI index should reverse it's direction and heading up after Jan 7. Jan 7 is also a pressure date being it's 30 degrees from Oct 7 which is a turning point. watch out for Jan 14 2021 as it's One year anniversary from Jan 14 2020 which is Gann's term 360 degrees (a full circle).
Inari got a top on Nov 6 at a price of 2.77. So we count forward 27 days forward and we get a bottom and a turning point on Dec 15 and next day Dec 16 a big rally up. we should see Inari head up much higher
Astro has gone up 9 days and 9 days down. Dec 21 was a day when most stocks dropped in Klse but surprisingly Astro up by 2.2 % on the day. Dec 21/22 is a Gann seasonal day and you will see Astro head up much higher. Next Target 1.05
CBA should retrace towards Christmas and head up much higher after Christmas. I am projecting a 6 days count from Dec 11 to the top of Dec 17, then another 6 days down to Dec 23. Forecast, CBA will turn up on Dec 24.
Counting up days of 14 Days and 14 days down . Dec 28 is also a pressure date using time squaring price. Buy around Dec 28, 2020 Stock Market should be bullish in 2021
Most likely KO will turn down after Dec 16 for a few days at least .. it is near the resistance line as on Dec 15. Dec 16 is also 30 and 60 degrees harmony from previous dates.
Cocoa touched on 50% retracement and 22 days up and 22 days down as on Dec 16, 2020 Should see it head up further .. target 3100.