KAREX - Bullish sentimentThe price is trading above the Kumo, indicating a bullish sentiment.
The Tenkan-sen and Kijun-sen have a bullish crossover, supporting upward momentum.
The Chikou Span is above the price, reinforcing bullish confirmation.
NT (0.900): This level is immediate support and has been tested as a pullback area. The price has bounced above it, validating its strength.
Increasing volume near the breakout suggests strong buyer interest.
Consider entering near the current price (0.930) if bullish momentum sustains.
Place a stop-loss below the NT level at 0.890 to minimize risk.
If the price closes below NT (0.900) with high volume, the bullish scenario could be invalidated.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
KAREX trade ideas
Karex, how traders and inventor react?The stock began its pullback on February 18th but faced heavy selling pressure on February 28th, resulting in a sharp decline. It broke multiple support levels and recorded a significant 16% loss, signaling strong bearish momentum.
The MACD remains in a downward crossover (DC) and is below the zero line, indicating continued weakness and a lack of bullish momentum. This suggests that sellers remain in control, and the stock has yet to show signs of stabilization or reversal.
Going forward, it is crucial to monitor whether the stock can establish a support base and regain key resistance levels. A confirmed reversal would require a bullish divergence, a trend shift with higher lows, or a breakout above key resistance levels.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Market conditions can change rapidly, and past performance is not indicative of future results. Always conduct thorough research and consult a qualified financial professional before making investment decisions.
KAREX, another wave soon?Gained > 8% since the first post about Karex on 15/7.
Another wave coming soon?
It won't be my EP at this moment, as still OS.
Let it build the momentum. Maybe happen anytime begin next week onwards.
Let see what happen next. To follow up again.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein
Karex vs Topglove. Apple vs Orange? 29/Sept/22Karex as world largest condom producer + main “supplier” for Durex.. Some “compare” it with glove stock. E.g topglove. 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”?...
**Non-shariah**KAREX Good time to Entry BuyBuying Checklist
Daily TF
1. Bank accumulation exists.
2. Stochastic bullish divergence.
3. Price cross above EMA6
1H TF
4. MidBB cross EMA50.
5. Momentum Buy (Price close outside BB)
6. Stochastic Bullish continuation divergence.
Why entry now? Because 1H stochastic is oversold!
According to HongLeong Investment Bank (HLIB), they target the fair price value is RM1.19. Wow!!
KarexImmediate Support Zone: 0.66-0.70
Immediate Resistance Zone: 0.80-815
Look for the entry opportunity near to Support Support zone by Using VT Stoch. indicator
Forecast next quarterly report to be release around end Nov 2020 will be further improved.
(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
Karex Bhd, the New Season Business Trade. Karex Bhd, the world’s top condom maker, said it has converted two of its lubricant lines to make hand sanitisers after requests from medical customers. They try it from small amount, but for sure it will be a consistent supplies in the nearest days. Forecast the business trade will be trying hard to break the resistance. And if the resistance is broken, consider Long position can be open. As for today, the trade still resting, and perhaps it will be a bull trade for this season.
9th December Market OutlookWe can see after minor weakness kick in on global last week, a quick rebound took place. Might expecting more upside on global next week. However, do take note next week a lot of high impact news (such as UK Election, FEDrate ) which might hinder the bullish momentum or if better, giving indices a boost if outcome is favourable to the market. As for KLCI, retested the crucial support region 1550-1560, and rebounded. As long can sustain 1550 for now, expecting this might be the turning point for the indices as we see some positive signals appearing in certain sectors such as construction, tech and small caps. Energy sector still neutral at the moment, but oil price surged back to 65 region, and the bullish movement still intact at the moment.
HSI- Looking good if sustaining 26000, possible upward movement if can sustain 26000 from this point onwards. But do take note on the trade war outcome( 15 th December )deadline is still in place to impose a new round of U.S. tariffs on Chinese consumer goods.
KAREX - Bearish, No Significant Sign of ImprovementKAREX - Bearish engulfing candle formed upon touching MA50, signalling strong resistance at this level, immediate support at 0.43. The stock is still in big bearish trend, volume is thin, rebounding indicators may have hard time pushing above since trend is bearish. So good to avoid.
<TradeVSA> Karex to test Resistance after removing SupplyStrength in the chart:
1. Confirmation on accumulation
2. NS signal at support
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock