KOSSAN TIme Frame Weekly
Hai Traders
Interesting to note
Only suitable for long term
There is a already breakout strong resistance
Just waiting until your TP ☺️
#thisonlyforpredectionstudy
#thisnotforbuycallorbuysell
#chartpattern
#TAYOR
#MFM.TRADER
Kossan. Today I gonna “bullsxxxing” a “myth” about ying ( seller force ) , Yang ( buyer force ) AND neutral force ( median line of parallel channel) again “represented” with parallel channel. P/s Since tradingview “free user” don’t have enough data feed. I have to “superimposed image” by using 3rd party apps to have more “history data” for “whole view” of its...
Disclaimer : All past, present, future chart analysis are for illustration, research, studies purpose ONLY.. Kossan among 4 kings of gloves stocks. Kossan have a potential breaking its all time high ( ATH ) Rm7.90 from coming “rally “..unlike others 3 kings ( harta, Topglove, supermx) its current downward wave structure from ATH seem “comprised of “ 3 waves...
Kossan latest report announced that : gloves ASP ( average selling price ) have been normalizing as the industry transitions to pre-pandemic levels.. AND..and they intend to expand its capacity by building new plants..As below of the chart. Kossan EPS ( earning per share also “normalized” back to pre-covid level but still “higher than previous all years before...
KOSSAN possible forming a trip zig zag wave pattern as TOPGLOV chart. Where price currently both rebouncing for wave B (Cyan/Light Blue) of the wave Z (Red Circled) which is the last leg of of the triple zig zag (RED Circled wxyxz) pattern. The Next resistance for KOSSAN could be around RM3.80 which are 1) The down trend line of wedge pattern 2) Previous...
THIS IS NOT AN INVESTMENT ADVICE. TRADE CALLS ARE NOT PROVIDED. INFORMATION SHOWN ARE FOR TECHNICAL ANALYSIS PURPOSE.
DISCLAIMER
Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples...
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 stock price comes to...
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...
MYX:KOSSAN
1st - Range Trading. Entry near bottom range & TP near top range (~15%)
2nd - CL when the price break the support & target re-entry at the next RBS / bottom of downtrend line
Enter above RM 4.05
TP 1 RM 4.55
TP 2 RM 5.16
CL RM 3.75
Hello Traders,
I am currently learning Technical Analysis , and the ideas I post are what I call ("Learning Notes").
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Let us learn together, and grow together to...
Fundamentally :
For Gloves Sector, Kossan we look at previous historical PE
2015 PE : 29.37
2016 PE : 25.03
2017 PE : 28.42
2018 PE : 27.63
2019 PE : 23.68
2020 FPE (Forward PE) prediction is roughly 6, current PE at 17.
No doubt, fundamentally at this price, and upcoming 2-3 quarters of expected breaking historical highs PAT for Kossan.
The risks to reward...
Swing Trading Kossan
The idea of swing trading is to capture ‘one move’ in the markets before the price reverse against you.
This is done by entering your trades from an area of value and exiting it before opposing pressure steps in.
Swing Trading Checklist :
1. Are you entering from an area of value?
a. Kossan : YES (Major Support Area)
2. Do you have a...
