We charted the percentage gain since 1st January 2020 till today for 1st tier glove and 2nd tier glove stocks. We use % scale so we could see how much % it has gained. We also include the healthcare sector RSI 14 to show the sector momentum. We also added few key dates 18/3/2020 MCO1.0 started 1/7/2020 Malaysia covid down to 1 case 9/11/2020 Pfizer claims...
Technical Analysis Personally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks. 1. Draw Support & Resistance 2. Identify the stages (Accumulation, Advancing, Distribution, Declining) 3. Entry Triggers 4. Stop Loss 5. Exits I have learnt during my past mistakes that we should let the...
Comfort 8/8/2020 similarly , some signal that turned weaker earlier , 5.400 is a support area, macd sloping down as well. Comfort 6/8/2020 Support at 5.980 ,on correction here Comfort 5/8/2020 candle's high yet to break here, RST 7.040 , SPT 6.450
It's not the end for gloves just yet. Entry point 4.36 or 4.46.
COMFORT - Double top, fail to stay RM4, and RSI divergence, will move lower.
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...
COMFORT 1 Hour Chart::heart: 7/12/2020 Support : 3.03 , 3.30 Resistance : around 3.75, 3.95 Volume already lowered down from end-Jun / 6-July level Momentum kept swinging from positive/negative side (currently is slightly negative) Still faced resistance with the gap around 3.75( twice/third time already). 3.50 acts as short-term support level for COMFORT and...
PENTA Rst: 5.63 Spp: 5.33 Candle with long shadow indicates weakness? Probably not as new candle emerged above upper BB, sign of strength, and not to forget the stock is now in uncharted territory, more upside to be unleashed.
comfort 27/6/2020 2.570 is a important support area, this area need to hold else we might see further fall from this area. comfort 23/6/2020 hopefully i am wrong here, seems like blocked by this downtrendline here, to be safe on this , tomorrow need to break above today high 3.150
Based on daily chart, MYX:COMFORT looks set for up trending. 1. It test 2.56 on 15th June and stick around for few days and did not get through, the closest one 2.58 on 18th. It is a strong support and now the price bounce up. 2. Using stoch it is confirmed on the 18th as the first day of slow stoch crossing up the fast one indicating a trend reversal. 3....