HARTA - Trying To Bounce From SupportHARTA
Rst: MA50
Spp: 7.10
Arrived formidable support level at 7.10, with RSI starts to prop up & MACD done bullish crossover. Green candle formed today albeit not strong one affirms yesterday tweezer bottom, so there’s tendency to see rebound play in coming days.
Harta
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.
HARTA 17/8/2020HARTA 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.
HARTA Hourly Chart Analysis on 12 July 2020HARTA 1 Hour Chart:
7/12/2020
Support : 14.74 , 16.10
Resistance : 17.10 , 18.10
Higher average volume than end June (Currently same as mid-Jun)
Momentum turned back to positive side on last Friday.
The uptrend slope is quite flat compare to others.
Near with the resistance region at 17.10 which breakout with large candle is required.
Still moving above the short-term support uptrend line (important support on the structure)
Based on the range the next target could be 18.10
You can send a private message or leave a comment if you are interested with the indicators shown.
MYX:HARTA
Hartalega - Breakout means Glove can still runHartalega made a massive move today, followed by strong moves by Toglove as well.
This is what capital flow is all about.
You don't dismiss breakout of all time high. This breakout is significance as it is telling us that gloves can and have room to run, yet.
Which means that gloves can give a decent return and its bull market may not be over yet.
Based on this signal alone, I have put positions in glove stocks again albeit some have not yet broke their all time high but I am taking the risk now.
With Nasdaq strong performances, it is the best bet to remain bullish. Of course, bullish without taking debt/loan/margin/leverage.
This is how the stock market works. You make money from MAJOR MOVES and TRENDS, not day trading with high leverage like gamblers.
Regards.
I don't read messages and comments, stop wasting your time.
Trading Plan 6/2020 - HartaMy first entry 12.30
Breakout Re-Entry Upon Short term Resistance & Fib 1.618 Res.
Stop Loss 10% , which should not happen as thee are 2 gap res, upon breaking means selling power strong
Momentum growing
Also has to take into consideration of KLCI recent gap resistance, which now coincides with Harta resistance
Disclaimer: This is only a sharing of how I analyse & plan my trade.