MYX:RUBEREX has reached a key support area which is critical, breaking below this RM0.58 area will likely mean further downside for this name.
Next support all the way down to RM0.30. Good luck.
*If we could just accept that the trend has changed way back in Nov'20, it could have saved 70% in losses.
Bullish Divergence appears in Daily TF.
Bank accumulation appears to be significant.
Trend confirmation when 1H TF MidBB (SMA20) cross EMA50.
Entry when price test MidBB in 1H TF
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...
RUBEREX 1 Hour Chart:
6/29/2020
Support : 2.66
Resistance : 3.01 , 3.28
Today QR released with nice result and therefore the resistance of 3.01 should be break easily on tomorrow. RUBEREX is almost to form a breakout on the consolidation area between 2.65 and 3.00. Momentum turned positive today and 3.28 can be aim if 3.0 can be hold/rebound from...
RUBEREX
Rst: 1.16
Spp: 1.09
Candle emerged above upper BB, although with long shadow, chance remains to propel further towards maximum projection of Fibo Extension - 100% at 1.24
