MYX:SCOMNET price has been growing about 500% since March 2020. It is a technology based company, providing supplies in medical products. The trend line is very consistent as a result of increase of demand in medical supplies. June: www.theedgemarkets.com "Supercomnet’s main customers comprise New York Stock Exchange-listed Edwards Lifesciences Corp and...
Huge volume 1.6Bil and 1.4Bil on Thursday and Friday indicate that XOX is heavily invested with strong momentum. It might open 0.26 on Tuesday, then look for up swing confirmation at 0.285. It might also gap down, if that is the case then one would wait at 0.20 for a potential rebound.
After big gap up on Thursday, we might expecting pullback on Friday. Sellers push price back into BB bands. It might sideway at .24 support if .30 is broken. Afterall it's Friday tomorrow and we are getting into long break for Merdeka celebration. Profit taking time. A box or B? Picking B.
After strong rally BINTAI is getting into a pullback with lower lows. Looking for support at .56 or .41. Slow STOCH crossing down the fast in overbought zone, even though this indicator is lagged in nature, is signalling price coming down. However it's a vaccine fever so one may expect quick rebound at those support lines. Unless something bad happen, vaccine...
Assuming today price will further drop due to poor latest QR, watch out for support level at 1.10 or 0.70. Next QR (ending sep 20) should be better due to business venture into face mask.
STOCH indicating convergence of fast and slow line, BO confirmation at 0.835.
Monday it reached 15.90. It was getting closer to lower BB but then buyers push the price back to 17 and finally closed at 16.70. The stoch at oversold level and deviation of fast slow line getting smaller. Might indicate potential rebound, but confirmation will come from Tuesday's candle.
XOX is a penny stock and the rise in the price was recently due to JV news with China company (Jiangsu Sulian). This Chinese company representing undisclosed Chinese telecommunication company. What can it be? We all know what Chinese company can do, they are advance in 5G network. But what we do know about 5G in Malaysia? Yes we know until now nobody is getting...
Highest price so far is RM24.44. Due to; 1. On-going Covid19 battle the world is facing at 2. Superb quarterly report today (woah.. EPS RM30.58 vs RM1.15 same period previously, you never want to sell SUPERMX) 3. 1:1 bonus in September will we see tomorrow RM25?
It's a hammer pattern and wait for 0.255 breakout for entry.
Stochastic indicate a possible rebound on last trading day when slow stoch cross up the fast. It has been trading under oversold signal for quite a while too. We can see also MACD also showing smaller divergence since last 9 trading days.
Alphaindicator as reported by BursaMarketPlace still call it a BUY (yes 9 analysts call a buy). Highest target target price as of 1/8/2020 is RM21.80. Detail report: www.bursamarketplace.com
The price has been testing RM17 support for few days since Monday, but it looks like a very strong support for this week. Covid19 threat has been giving indication that it might hit our country for the second time (no thanks to stubborn Malaysian who did not follow SOP & foreigners for bringing Covid19 to our country). Outside Malaysia, (US, Australia,...
It's not the end for gloves just yet. Entry point 4.36 or 4.46.
I would wait for 0.445 for today, why? The formation of inverted hammer look-alike is a hint that pullback will come in. If 445 is broken then next support at 430. What if pullback never happen? Good for current holders, new ones wait next days.
Ok by now we all should know that the government already make it compulsory for everyone to use face mask in public area and transportation starting 1st Aug 2020. What is so different from previous situation? - it is compulsory, like it or not people will need to wear - previously optional, no big deal - school already open, more face mask to be used by pupils...
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...
Yesterday MYX:SUPERMX as expected by many, getting higher and closed at 15.98. With Covid19 is still prime concern (eventhough many Malaysians think we are safe), there is no sign to show that why we should stop buying SUPERMX. Some target price by analyst: 9/7/2020 Affin Hwang Capital - Target 13.90 7/7/2020 Kenanga - Target 14.00 both target already...