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A follower from Malaysia wanted my 2cents opinion on this company, Top Glove Corporation Bhd. Here you go :
It has risen more than 400% according to the article which I think is a little overbought judging from the parabolic moves it has made thus far. I expect the share price to have a correction to around 22.50. There, we would assess if it rebound upon touching the bullish trend line or break down from it. The latter option seems unlikely since the demand for rubber based products such as gloves, face masks are very much in demand globally.
If you want to buy this shares, please be patient and not chase the sky high price. Let the price comes to you which it will, over time. It cannot goes up in a 90 degree angle forever, it has to take a breather somewhere.....
Due to its huge market cap now, any up or down more in its share price will affect the performance of KLSE index.
This is an important lesson for us as investors. In each crisis, there would be certain sectors in the stock market that would benefit from it. We have seen supermarket and/or ecommerce companies taking off in a big way during the pandemic, work from home software like Zoom, social media companies like FB, gaming firms like Tencents, food delivery companies like Meituan and many more.
Another way to look at it are the troubled companies that make good shorting opportunities like Norwegian Cruise Line
, Boeing.
In a short time frame of a few months, we can actually build a portfolio of 5-6 companies that provide you with 200-400% returns. While not guaranteed, this method allows you to build up your capital base fairly quickly so that you can pile more into your stable , core stocks and ride the trend up.
A follower from Malaysia wanted my 2cents opinion on this company, Top Glove Corporation Bhd. Here you go :
It has risen more than 400% according to the article which I think is a little overbought judging from the parabolic moves it has made thus far. I expect the share price to have a correction to around 22.50. There, we would assess if it rebound upon touching the bullish trend line or break down from it. The latter option seems unlikely since the demand for rubber based products such as gloves, face masks are very much in demand globally.
If you want to buy this shares, please be patient and not chase the sky high price. Let the price comes to you which it will, over time. It cannot goes up in a 90 degree angle forever, it has to take a breather somewhere.....
Due to its huge market cap now, any up or down more in its share price will affect the performance of KLSE index.
This is an important lesson for us as investors. In each crisis, there would be certain sectors in the stock market that would benefit from it. We have seen supermarket and/or ecommerce companies taking off in a big way during the pandemic, work from home software like Zoom, social media companies like FB, gaming firms like Tencents, food delivery companies like Meituan and many more.
Another way to look at it are the troubled companies that make good shorting opportunities like Norwegian Cruise Line
, Boeing.
In a short time frame of a few months, we can actually build a portfolio of 5-6 companies that provide you with 200-400% returns. While not guaranteed, this method allows you to build up your capital base fairly quickly so that you can pile more into your stable , core stocks and ride the trend up.
Comment:
Halleujah, it did fall to the level I expected and rebound....
Comment:
it is a good time to take profits off gloves company shares !