RUBEREX: 0.58 as the key support areaMYX:RUBEREX has reached a key support area which is critical, breaking below this RM0.58 area will likely mean further downside for this name.
Next support all the way down to RM0.30. Good luck.
*If we could just accept that the trend has changed way back in Nov'20, it could have saved 70% in losses.
RUBEREX
RUBBERREX near Major Support 0.560.. 24/9/21RUBBERREX price near major weekly demand zone and resistance/ flip as support zone near 0.560...
RUBEREX Daily Bullish DivergenceBullish Divergence appears in Daily TF.
Bank accumulation appears to be significant.
Trend confirmation when 1H TF MidBB (SMA20) cross EMA50.
Entry when price test MidBB in 1H TF
Ruberex H&SWeekly chart depicting Head and Shoulders pattern. Currently the Glove counters sentiment is very weak now. Immediate prospect isn’t looking good.
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.
Ruberex membuat tapakRuberex menarik untuk watchlist rapat tempoh masa (2-4minggu)
Oversold & support RM2.16
RUBEREX Hourly Chart Analysis on 29 June 2020RUBEREX 1 Hour Chart:
6/29/2020
Support : 2.66
Resistance : 3.01 , 3.28
Today QR released with nice result and therefore the resistance of 3.01 should be break easily on tomorrow. RUBEREX is almost to form a breakout on the consolidation area between 2.65 and 3.00. Momentum turned positive today and 3.28 can be aim if 3.0 can be hold/rebound from retracement.
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RUBEREX - Positives RemainRUBEREX
Rst: 1.16
Spp: 1.09
Candle emerged above upper BB, although with long shadow, chance remains to propel further towards maximum projection of Fibo Extension - 100% at 1.24