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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
Topglove. JP Morgan’s TP May “failed” this time. 1/Oct/22Topglove. JP Morgan’s Projection of RM0.45 probably “failed” this time. As other 3 major player already posing a bullish reversal setup based on Elliott wave and cycle. Just waiting for “confirmation” signal. Topglove price has just broken RM0.605 a “confirmation signal “ +++ Price of weekly Topglove, kossan and monthly Harta has formed a hammer candle/ pin bar bullish pattern possible market “price in” A.S.P ( Average Selling Price) increment lead by Topglove as “catalyst” of the beginning of long term bull trend after long term “correction “ since August/Oct 2020..
MYX:TOPGLOV
by SteveTan
HARTA long term bullish reversal w/ confirmation. 30/Sept/22Harta have long term bullish reversal setup with confirmation entry! Harta’s stock price By breaking wave b (cyan) the subwave of last impulsive leg down which is wave (v)(Red) confirmed a reversal signal for down trend Since August 2020...P/s people asking if you are so good why just don’t “keep yourself?!” R u trying to show off? Selling signals or looking for investors? Not at all. As we know, 1 ways to improve our trading, traders is to write down their “trading journal” instead of “keeping myself “ I write down AND Let “the public” to be “my judge” would be “more motivated “ to correct my mistake..
MYX:HARTA
by SteveTan
Topglov. JP Morgan Tp of 0.45 May “achievable” 29/Sept/22.Topglove vs Karex ? Apple vs orange? 29/Sept/22.. Topglove as world largest gloves producer . Some “compare” it with world largest condom stock. Karex. As both are the “biggest player” of “rubber”products..One should have the “same fate” of the others. Just 1 question. Does human need “standard SOP/ protocol “ during sex activities.. Or “condom” or “gloves” is a “ must/need” = Can robots now “replace” “hand on” human’s arm in next 20 years?...Gloves or Hi -Tech which is “niche market”? = easy to copy but hard to sustain market ( only sustainable by big player) ? + “Branding”= Does Everyone think about soft drink = Coca Cola , Gloves = Topglov...AND last but least why Coca Cola is “more expensive “ than most “soft drinks”? Why can’t Topglove?
MYX:TOPGLOV
by SteveTan
GBPJPY. @168. Which? Uk/Japan which lead to “doom”? 29/Sep/22GBPJPY’s 168 or gold’s 1680? I have been studying #WD Gann trading methodology for >15 years from his early astrology trading to later GANN Square.. BUT “both” are very “subjective” even his later Work of Gann Square more “practical” than astronomy method. Back to my “origin” maybe I should study more about Chinese’s Ancient Wisdoms where I found Chinese metaphysic/ 5 elements yin/yang harmony trading are more “practical” even as simple 168 numbers “stored” “prosperous energy”...p/s..From net : It is a little known fact that W. D. Gann went to India and studied Indian Sidereal Astrology. In his notebooks we find sketches of astrological symbols on his charts; and in his memoirs, he discusses his journey to India. In fact, the famous Gann wheel was first used by tea merchants in seventeenth century India..
by SteveTan
Topglov. >25% majority can’t decide ASP?! 22/Sept/22Topglove. We’re at the “junction/ intersection “ of 2 median line ( dotted yellow) of 2 major (long term) ascending parallel line ( cyan) + Plus Fibonacci 0.386 lvl which is around RM0.570. Let see whether price could keep above RM0.50 for coming few months. We have 2 “news”. The “Good news” is we might close to complete correction of expanding flat (A)(B)(C). But the “ Bad news” is we might just completed wave (a) of the coming multi years triangle / sideway pattern..
MYX:TOPGLOV
by SteveTan
PBBank VCP aka cup & handle pattern. 20/Sept/22PBBank. Look like we have A VCP chart pattern. A chart pattern “refined” by famous Mark Minervini ( US 1997, 2021 investing championship winner) which got inspired by William J. O’Neil defined “Cup and handle” pattern..p/s or anything “chart pattern” you have “discovered/defined “? Making it “famous”?...Also the “cup & handle / VCP” pattern “closed” to 1 of variation of “triangle pattern” which is “ascending triangle “...with breakout. With rate hike all over the world. Banking sector might be “benefit” most. Price of PBBank could reach RM6.80 which is about 47.47% gain from current price level.
MYX:PBBANK
by SteveTan
Gold. How to trade major breakout(1680) w/ stop lost. 18/Sept/22Gold. We had a solid big bar/candle on daily chart closed below 1680. So possible a “legitimate” major “breakout”. Price probably will have a “magnetic” pullback toward previous orderblocks/supply zone on smaller candle where those hot money “gather” before a following “heavy distributed explosive move” with big candle/bar. This would be “ the base” where the “gunfire” will be ignited with more “explosive power” = ( from 1700 to 1600 a whopping $100 ( 1000 pips) drop!) . probably right after FED “big date” on 20-21/ Sept /22 AND..Last but not least where is our “last defense / stop lost” for “this war”...
FX:XAUUSD
by SteveTan
Gold. Breaking 1680 w/ 52 wks low! 1400 is next! 16/ Sept/22.Gold. By breaking 1680 critical support. I have to review the big outlook of gold chart ( And gold has inverted medium Cycle which I’ve missed it )..its previous cup and handle pattern might “shift to” a big triangle pattern ( ranging /base) in wave in (IV)(yellow)...Apparently FED “prefer” $ cash is king = US dollar/ 10 years bond “ not stocks even “smashing” gold! Which used to hedge inflation. Gold price probably drop another 15% or -150% if you are trading x 10 sport gold by leveraging! reaching around 1400 by end of 2022 or early 2023..So..sell on gold on any pullback toward the red upper line of declining parallel channel inside wave B ( Red Circled) is the best choice ( will update detail in next chart) P/s.1430-1400 would be the confluence zone of 1) Major up trend line zone ( cyan color) 2) wave C (Red Circled) @ 1430 is Fibonacci extension 1.618 of wave A ( Red Circled) 3) 1400 are the next major monthly Orderblocks/ demand Zone..
FX:XAUUSD
by SteveTan
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