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Kossan

Glove’s Index volume info graphic comprised of 4kings. 3/Oct/22This chart shown the average price ( index) of 4 major gloves manufacturers in the world which are Topglove, Hartalega, Kossan and Supermx where they “contribute “ almost half of the world’s gloves market. As said trend is our friends but without “volume” in stock market there is no trend. The “shifting” polarity of bull trend to bear trend all cause by “panic” buying ( climax)/ selling Climax probably due to FOMO ( fear of missing out) in uptrend and “fear of losing” ..due “borrowed money” which cause “margin call” in downtrend..
MYX:TOPGLOV
by SteveTan
Kossan. Finding its ying/Yang force with channel. 14/July/22.Kossan. Today I gonna “bullsxxxing” a “myth” about ying ( seller force ) , Yang ( buyer force ) AND neutral force ( median line of parallel channel) again “represented” with parallel channel. P/s Since tradingview “free user” don’t have enough data feed. I have to “superimposed image” by using 3rd party apps to have more “history data” for “whole view” of its chart where it is still publishable in tradingview.
MYX:KOSSAN
by SteveTan
Kossan possible breaking ATH of 7.90 But 0.90 first. 19/June/22Disclaimer : All past, present, future chart analysis are for illustration, research, studies purpose ONLY.. Kossan among 4 kings of gloves stocks. Kossan have a potential breaking its all time high ( ATH ) Rm7.90 from coming “rally “..unlike others 3 kings ( harta, Topglove, supermx) its current downward wave structure from ATH seem “comprised of “ 3 waves structure which is (A)(B)(C) ( cyan/light blue). Meant its “correction” might be done soon BUT yet need to find its base first maybe @ around Rm0.90..
MYX:KOSSAN
by SteveTan
Kossan. Glove back to pre-covid growth. 5/May/22.Kossan latest report announced that : gloves ASP ( average selling price ) have been normalizing as the industry transitions to pre-pandemic levels.. AND..and they intend to expand its capacity by building new plants..As below of the chart. Kossan EPS ( earning per share also “normalized” back to pre-covid level but still “higher than previous all years before 2020.....” .As stock price always reflect prior to “fundamentals news” ..what do you think.????
MYX:KOSSAN
by SteveTan
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.
MYX:TOPGLOV
by sothye
1
LONG KOSSAN,Good Risk-to-Reward OpportunitiesFundamentally : For Gloves Sector, Kossan we look at previous historical PE 2015 PE : 29.37 2016 PE : 25.03 2017 PE : 28.42 2018 PE : 27.63 2019 PE : 23.68 2020 FPE (Forward PE) prediction is roughly 6, current PE at 17. No doubt, fundamentally at this price, and upcoming 2-3 quarters of expected breaking historical highs PAT for Kossan. The risks to reward now to trade at these prices now is a no brainer~ Average Price Target by Analyst : 7.94 MYR, Represents 96% Upside. It have dropped from Oct Peak about 50%, Fundamentals remain intact, infact is STRONGER due to Covid 19 sharp rise in cases worldwide. Technical Analysis Bullish Pin-Bar appeared today, Rebounded at Strong Major Support, Target Good Entry Point with good Risk-to-reward
MYX:KOSSANLong
by LMTAN
1
Kossan Long at Major Support Swing TradingSwing Trading Kossan The idea of swing trading is to capture ‘one move’ in the markets before the price reverse against you. This is done by entering your trades from an area of value and exiting it before opposing pressure steps in. Swing Trading Checklist : 1. Are you entering from an area of value? a. Kossan : YES (Major Support Area) 2. Do you have a valid entry trigger? a. Yes, Personally I will average buy in few trades in Major Support Area 3. Is your stop loss away from market structure? a. Yes Low of the Major Support Line – 1 ATR 4. Is target profits within reasonable reach? a. Yes, Good Risk to Reward Ratio Area of Value can be Support & Resistance, Moving Average or Trend Line etc. Entry Trigger can be Engulfing Pattern, Hammer, Shooting Star, False Break etc. Target Profit can be at swing high, Support and Resistance area drawn on Kossan Chart. Fundamentally : For Gloves Sector, Kossan we look at previous historical PE 2015 PE : 29.37 2016 PE : 25.03 2017 PE : 28.42 2018 PE : 27.63 2019 PE : 23.68 2020 FPE (Forward PE) prediction is roughly 7, current PE at 19. No doubt, fundamentally at this price, and upcoming 2-3 quarters of expected breaking historical highs PAT for Kossan. The risks to reward now to trade at these prices now is a no brainer~
MYX:KOSSANLong
by LMTAN
KOSSAN Hourly Chart Analysis on 12 July 2020KOSSAN 1 Hour Chart: 7/12/2020 Support : 9.60, 10.90 Resistance : Higher average volume than mid-end June Momentum swung between positive(mostly)/neutral side since 29-Jun Currently it is above support uptrend line 1 (similar with SPMX) At least hold on support line 2 to maintain the current uptrend The highest uptrend line could be potential target estimator. You can send a private message or leave a comment if you are interested with the indicators shown. MYX:KOSSAN
MYX:KOSSAN
by ddddcplxx