jasontkj

jasontkj

Stay away. If you know head and shoulder pattern, you know this is not looking good. Perhaps one of the ugliest looking top tier glove chart at the moment. If things really go south for glove counters amid the vaccine discovery, harta may experience larger-than-peer drop.

jasontkj Updated 

JCY rebounded strongly upon dropping below its uptrend line. According to the fibonacci entrancement level, it managed to bounce back up upon touching/breaching the 0.595 level, demonstrating bullish sentiment still intact. Overall, from what i can see, i believe JCY's uptrend momentum still intact, especially after its strong retracement/rebound. I believe...

jasontkj

HARTA is not looking great from a Technical Analysis perspective at the moment. It will need break above 16.910 to regain the upward momentum. It will be even better if it can break above 18.480 to reverse its current downtrend and progress to an uptrend. If you are a short term investor, it may not be wise to long this counter now.

jasontkj

One of the superstars in the healthcare rally in recent months has shown some major weaknesses these few days. Today it came down hard, rebounded from its support line RM18 back on to its uptrend line (a weak one). From the indicators, it seems that retail sell down was behind the major correction (which is a good sign in my opinion). Should Supermx regain some...

jasontkj

Similar to other 2nd and 3rd tier healthcare counters who had gone through a few rounds of "limit up" last week, HLT has formed a head and shoulder pattern too. A hint that it may continue to retrace back to its pre-rally price. Be cautious!

jasontkj

Seems like fully formed head and shoulder here. High chance of going further south. be cautious!

jasontkj

Just like most glove counters, Kossan was caught by the heavy sell down this few days. As for as the major trend is concerned, it seems that KOSSAN is just resting on the uptrend support line. Will need to observe and see if it can bounce back up in the next few days.

jasontkj

Heavy profit taking ever since the release of their latest QR. This type of correction is not uncommon and nothing much to worry about..... for long term investors in my opinion. At the moment, it is still largely on an uptrend...If history will repeat itself, we should see a sustained period of sideways price movement before going up any higher.

jasontkj

RM3.830 would be a crucial support line for MI. Should it break below this support, this will mark the continuation of a downtrend.

jasontkj

An almost triangle breakout. Next resistance would be at RM0.690....the momentum will largely be dependent on oil price movement.

jasontkj Updated 

DUFU is forming a pretty nice descending triangle patterns recently. Consistently supported by the 3.650 area. Almost always rebounded sharply once it touches that region. Will a same break out happen again? Lets see EP: 3.650 - 3.660 TP: 3.930-3.950 CL: 3.530

jasontkj

UWC has been riding on a solid uptrend line. Almost every time when it touched the trend line, it immediately climbed back up and chart higher. After a few days of minor correction, it seems to be forming a ascending triangle. EP: 4.690-4.700 TP: 5.170 CL: 4.550

jasontkj Updated 

DSONIC looking promising, forming a nice triangle at the moment...will continue to observe the movement...breaking above 1.520 will be great.Otherwise, wait for it to fill up the triangle first.

jasontkj Updated 

Rising wedge triangle seen here with an overbough RSI. Potential sharp correction soon? Healthcare equipment counters are piping hot nowadays due to the ongoing pandemic. However, there is always a chance that reality may not meet the expectation. Chart wise, hartalega, like most glove counters, it continues to chart high higher highs but it seems to me there may...

jasontkj Updated 

Broke out from a head and shoulder pattern earlier and retraced back on major support line. Uptrend still intact. EP: 1.00-1.01 TP: 1.15, 1.280, 1.36 CL: 0.965

jasontkj Updated 

Uptrend line intact. Multiple flag breakouts in the past. Will history repeat itself? A good chance, as long as uptrend line is not violated. EP: 0.495 - 0.500 TP: 0.570-5.565 CL: 0.480

jasontkj Updated 

Wedge shape triangle is forming here. Looks like in consolidation mode at the moment. Lower highs are obvious, but not lower lows. Price seemed to be well supported at around 0.570 area. Economic sentiment is not fantastic, investor confidence is recovering from the oil crash late april. Will need to observe a few more candles to see if more lower lows will be...

jasontkj Updated 

Riding on the healthcare demand theme, topglov's share price has risen significantly in the past few months. While many are doubting the sustainability of the valuation and the continuous rally, investors/operator interest in glove counters seemed to be unfazed, with new highs charted almost every week. Chart and indicator wise, it seems like topglove is...