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TOPGLOV

The Problems With Retail Traders/Most PeopleI always tell people, if you don't understand how market works, DO NOT EVER touch the financial market. Yes, it is easy to open brokerage account and trade stocks, but how many people know and understand how to do it. I have tried to educate people, but to my dismay, only 1% of my targeted audience are really serious in learning how to trade and invest properly, the rest are there just to play around and thinking that they can become rich easily. And so, I have lost hope in humanity and in most people. They can reach financial freedom if they try to learn how to trade and invest properly, but most of them WILL NEVER reach financial freedom because of their attitude. Therefore, the status quo will remain. Topglove is now the third largest company in the Malaysian stock market, bigger than Tenaga Nasional. For sure, now the price has gone far ahead of Fundamentals. Yes, this is a good company, great company with good dividends. But market never works that way. Sometime in the future the market will PUNISH people. And for those retail traders who FOMOed in and who thinks that they can get rich by buying shares in glove markers, get ready for the day of reckoning and get ready for the slaughtering. The party will not last forever. I have many of my friends who never invested in stocks who and those who have not trade stock for longtime suddenly came RUNNING to me asking me if it is good time to buy Topglove and glove shares. This is one of many sign that we are almost close to the peak in the glove makers. Maybe they can go up more, maybe Top Glove can be number one market cap stock in Bursa Malaysia. Maybe it can reach 200 Billion Ringgit market cap. I don't care. From risk management perspective, it is no longer something that is viable and something where I want to put majority of my capital on. It's time to take profit. it's time to reduce profit. And I told all of these people to just ignore the market, don't ever to try to chase a rally when you don't understand. The smart people or trader knows when to buy and when to sell, you always have the opportunities to buy breakout or dips, but chasing blindly is never a wise strategy. But again, parabolic move and bubble always happen, the easy way to make money is to buy early enough when the trend is shifting and when the breakout is just happening and to try to ride it out as much as possible. And to warn people not to chase the rally. Everything else, nothing much we can do. Securities Commission and Bursa Malaysia, its your responbility to educate the masses, not to encourage speculation. But I doubt they care. They are only for money. Regards. Don't message or comments, I don't read them.
MYX:TOPGLOVEducation
by UnknownUnicorn735418
4
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?
MYX:COMFORT
by aimit
7
TOPGLOV Hourly Chart Analysis on 12 July 2020TOPGLOV 1 Hour Chart: 7/12/2020 Support : 19.30 , 20.96 Resistance : Similar average volume with mid-end June but slightly higher. Momentum mostly maintained on positive side since 29-Jun. Currently it is above support uptrend line (white dotted line) At least hold on 20.96 or 19.30(more conservative) to maintain the current uptrend Based on the uptrend range (yellow line), the next short-term target might be around 23~23.10. You can send a private message or leave a comment if you are interested with the indicators shown. MYX:TOPGLOV
MYX:TOPGLOV
by ddddcplxx
1
Glovemaker, still early to tell but now is Defensive mode.Defensive mode is where you locked all your profits that you have made and you wait for that 30-40% pullback to buy and then sell in rebound. No confirmation that the parabolic move will continue until a decisive breakout above previous all time high. In this case, it will be better to be cautious, take profit and make the assumption that it is over. It is too early too tell, we need to wait for few months to see how the price action looks like but this month doesn't seems good for glove makers. Very likely it will be a long consolidation phase before another major move or maybe it is already game over now. It also depends on global market and how Nasdaq is going to do, I suspect the global market is heading into correction and it will take FEW MONTHS before Nasdaq can break and be above 10000 comfortable. Regardless, we are focusing on the long term trend, not short term noise. That's the reality, trading and investing is all about PROBABILITIES and RISK MANAGEMENT, not about ego. P/S: Don't pm me because I don't have time.
MYX:TOPGLOVEducation
by UnknownUnicorn735418
Top Glove - Glove Mania - RM 20 in sight and then we will seeAnyone who thinks that they for 100% certainty knows what is going to happen to market is foolish. Market is about probability and putting things in favour of yourself. Thanksfully Malaysia is one of the top glove makers in the world, so, we have the chance to make some big money here while foreigners only recourse is to buy Top Glove in Singapore Exchange. Lessons that I learnt from parabolic moves and advances, you need to ride the thing up and exit only when it is telling us to do so. Yeah, it was a gamble but that's how you can and become rich. You don't make money from short term moves, you make money from LARGE and BIG moves. There will be corrections here and there. Corrections are just corrections. Top will be in when it is going parabolic or when it made a major top or double top or triple top. At the moment, we don't know yet how high this stock or glove makers can go. With some estimates are saying that Top Glove will net in RM 3 Billion in Profit for 2021, putting a conservative P/E of 30, that will give market cap of RM 100 Billion, the biggest company in Malaysia with price of about RM 38-40. That should be the major top, anything above that is clearly a bubble and then we will see a catastrophic 50-80% corrections. That's how market works. Regards.
MYX:TOPGLOVEducation
by UnknownUnicorn735418
1