KLSE - Battle of the GlovesWe 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 their vaccine is 90% effective.
Since 1-Jan-2020 till its highest price, the highest % gained is HLT-WA with 3077%. Below the list sorted from the most gained.
HLTWA 3077%
CAREPLS 3065%
HLT 1663%
SUPERMX 1641%
RUBEREX 1447%
COMFORT 771%
ADVENTA 695%
TOPGLOVE 527%
HARTA 269%
KOSSAN 114%
We also checked the Last price on each stock, and check how much is the gap to reach the highest peak again. Here's the list from highest gap
SUPERMX 72.30% to ATH
TOPGLOVE 37.27% to ATH
KOSSAN 117% to ATH
HARTA 56.59% to ATH
ADVENTA 239% to ATH
CAREPLS 121% to ATH
COMFORT 124% to ATH
RUBEREX 70% to ATH
HLT 176% to ATH
HLT-WA 107% to ATH
We also looked up the fair value in Simply Wall St , here’s the list from top most discounted price
CAREPLS - undervalued by 90.7% (FV 26.56), traded at PE x16.4
HLT - undervalued by 89.7% (FV 11.84), traded at PE x97.6
COMFORT - undervalued by 88% (FV 26.07), traded at PE x11.46
RUBEREX- undervalued by 62.1% (FV 4.59), traded at PE x19.14
KOSSAN - undervalued by 61.4% (FV 11.52), traded at PE x18.79
SUPERMX - undervalued by 61.1% (FV 17.47), traded at PE x7.98
HARTA - undervalued by 27% (FV 17.61), traded at PE x23.42
TOPGLOVE - undervalued by 21.2% (FV 8.56), traded at PE x13.37
Hope you will find it useful. Thanks.
COMFORT
Comfort Chart Major Support & ResistanceTechnical 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 stock price comes to us, rather than us chasing the stock prices!
COMFORT vs CAREPLS vs SUPERMX vs TOPGLOV - which one is better?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 go.
SUPERMX: 27% to go.
TOPGLOV: 12% to go.
Which one is the fastest among them is not covered within this analysis. But we are getting the idea on how much to gain before that particular counter reach previous highest high which will come very very soon.
Are you ready?
COMFORT Hourly Chart Analysis on 12 July 2020COMFORT 1 Hour Chart::heart:
7/12/2020
Support : 3.03 , 3.30
Resistance : around 3.75, 3.95
Volume already lowered down from end-Jun / 6-July level
Momentum kept swinging from positive/negative side (currently is slightly negative)
Still faced resistance with the gap around 3.75( twice/third time already).
3.50 acts as short-term support level for COMFORT and waiting for breakout on either the gap level/3.50 to indicate further trend.
You can send a private message or leave a comment if you are interested with the indicators shown.
MYX:COMFORT
COMFORT - will it be COMFORTable up trending?Based on daily chart, MYX:COMFORT looks set for up trending.
1. It test 2.56 on 15th June and stick around for few days and did not get through, the closest one 2.58 on 18th. It is a strong support and now the price bounce up.
2. Using stoch it is confirmed on the 18th as the first day of slow stoch crossing up the fast one indicating a trend reversal.
3. Confirmed by MACD histogram which 18th is the last divergence between main line and signal.
4. All MAs are in good position where 20MA above, 50MA, and 50MA above 200MA. The last thing for a a perfect COMFORT is the price to be above 20MA. Will it happen tomorrow?