valeriewen90

valeriewen90

Since the KLCI crashed in March 2020, all of us in the Malaysian market know that what's driving the stock market are mainly the gloves and the healthcare counters. Out of 30 KLCI index components, only TOPGLOV and HARTA are the ones driving the upward momentum since March to July. We have also experienced quite a major selldown in August and September for...

valeriewen90

... but a trader is always prepared to face the consequences if he/she were wrong. As we all know, the KLCI has had its bull run since March 2020 to date mainly driven by TOPGLOV and HARTA. Therefore we can say that the fall of gloves would be equivalent to the doom of KLCI. I am on downtrend biased on a few possible events that may negatively impact glove (or...

valeriewen90

As we all know that gold is undergoing correction and we have no idea when exactly the break out can happen, I am looking to take LONG positions on $GOLD and/or $SILVER as this is the time where the USD would have its value diluted/weakened due to large amount of QE. During such correction/consolidation phase, it would of course make sense to do range trading...

valeriewen90 Updated 

(Will edit)

valeriewen90

Started new trade at average EP of RM0.75. Prices should peak between RM1 to RM1.15 within 2 weeks before retracing.

valeriewen90

Gloves remain the trend due to the COVID-19 pandemic. EP RM1.05 - from the swings, it looks like the next peak will sit between RM6 to RM6.50. This is also added with the expected quarterly report which would be announced 18 Jun for TOPGLOV and 24 Jun for COMFORT. Which everyone knows will be very much positive. Plan to TP all remaining shares between RM6 to...

valeriewen90 Updated 

Planning a swing trade based on current trend after a past mistake. To buy in more stocks if it is confirmed to be uptrend tomorrow.

valeriewen90 Updated 

Quite strong FA although no longer undervalued, but I managed to get in at a low EP of RM1.05 per share. TA is extremely positive due to the surge in glove demand and the rise of Malaysian traders (both new and hold) trying to take advantage of the situation. As it is expected that a vaccine for COVID-19 will take 12-18 months to develop, I take an assumption...

valeriewen90 Updated 

When I first started in the stock market, OCNCASH (face masks), AWC (building disinfection or sanitizing) and CCK (fishballs) were on my list for consideration. Out of the three I only managed to get into AWC in April 2020. After I disposed off some long term stagnant counters, with some capital freed up I could choose between OCNCASH and AWC. I left CCK out as...

valeriewen90 Updated 

When I first started in the stock market, OCNCASH (face masks), AWC (building disinfection or sanitizing) and CCK (fishballs) were on my list for consideration. Out of the three I only managed to get into AWC in April 2020. After I disposed off some long term stagnant counters, with some capital freed up I could choose between OCNCASH and AWC. I left CCK out as...