SUPERMX - Selldown Pressure Over, Time to rev up to the MAXEntry Strategy:
1) Entry inside the purple line range - Highly potential reversal trend zone.
2) CL1 and CL2 below the purple line.
Chart:
1) 2020 - Glittering news for glove stock due to unprecedented demand. During this time people risk in on forecast profit growth anticipated.
2) As per expected, whatever boom up need to boom down also - nature of life (kadang2 kita di bawah kadang2 kita diatas)
3) For QR result announcement - people that risk in before will usually sell on news
4) Below EMA line - showing bearish trend start to power the play
I am nubis, i am non-premium members ..follow if you think this idea make sense..just sit back, relax and make some money.
-Heil_Z-
# Are-snuff Traders Club
# Bilis Traders Group
Supermx
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.
SUPERMX - reboundMonday 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.
SUPERMX - should we expect big bull next week?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, Philippines, etc) it did not get any better.
Eventhough MACD line looks like a crossdown will happen (this will confirm downtrend), but it can still deviate given heavy buy on Monday.
OBV still looking good, big investors still there.
Careplus declared big profit, the same or better is expected from Supermx.
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?
SUPERMX - how high is high?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 surpassed.
Latest Malaysian top investor Mr KYY make some comment with new TP of RM24.20 (he said this target is easily achievable).
Read here: klse.i3investor.com
So just enjoy the ride for the moment & don't forget to smile :)
SUPERMX Hourly Chart Analysis on 12 July 2020SUPERMX 1 Hour Chart:
7/12/2020
Support : 10.88 , 13.04
Resistance :
Higher average volume than mid-end June
Momentum mostly remained on positive side since 29-Jun
Currently it is above support uptrend line 1 with level support at around 13.
At least hold on 13 to maintain the current uptrend and resistance can't be measured (keep breaking new high, no meaning to estimate resistance)
You can send a private message or leave a comment if you are interested with the indicators shown.
MYX:SUPERMX
SUPERMX Hourly Chart Analysis on 29 June 2020SUPERMX 1 Hour Chart:
6/29/2020
Support : 5.97, 6.75
Resistance : 7.70 , 8.05
It is absolutely a spectacular day for Glove counters today with a big candle cover up most of previous 2 weeks movement. SUPERMX hit and rebound from the previously-mentioned support level of 6.75 to 8.75 with most contribution on 2nd session.
The momentum turned positive on 10am onward and followed with the breakout of both downtrend resistance lines which make the open price of last hour candle(around 7.5) can be set as short-term support for SUPERMX to retest 8.05 within days.
You are free to join our public discussion channel to obtain valuable information with the following link show at below.
And also we only left with 1 promotion seat to be fill before 30-June. For further details please PM with admins inside the group.
The details of momentum indicator will be announced soon, but you can private message this account to receive notification as soon as possible.
MYX:SUPERMX
SUPERMX - End of Glory Days?SUPERMX
Rst: 7.22
Spp: Middle BB/ 5.83
Bearish engulfing formation, crushing indicators, you may notice today candle emerged right from Fibo Ext max spectrum level at 8.07 (if you still remember this is the max projection I mentioned last month), it means this level is not turned to strongest resistance.