SUPERMX trade ideas
SUPERMX - Testing Key Level SupportOpportunity and Risk
DISCLAIMER: This analysis is for educational and informational purposes only. It is based on my personal view in the market from a technical standpoint. None of information posted in this page can be used as investment decisions except for educational purpose only. Do not trade solely on the information posted in this page. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
PENAFIAN: Analysis ini hanyalah untuk tujuan pembelajaran & pendidikan sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.
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.
SUPERMX - Mean Reversion To Find Key Supports for Long TradeOpportunity and Risk
Wait until mean reversion completed.
DISCLAIMER: This analysis is for educational and informational purposes only. It is based on my personal view in the market from a technical standpoint. None of information posted in this page can be used as investment decisions except for educational purpose only. Do not trade solely on the information posted in this page. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
PENAFIAN: Analysis ini hanyalah untuk tujuan pembelajaran & pendidikan sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.
SUPERMAX - potential reboundLet us look at the support line at 7.67 tomorrow.
If not broken then it will rebound.
But it's SUPERMX. What counters stay strong during Covid19?
SUPERMX - Malaysian Glovemarker - Next Target is 11-12 ishThat nasty wick to the downside surely forced a lot of liquidations on people who are using margin or leverage to trade. Good for them. Hopefully they will go work as Grab driver or in McDonald. Oh yeah, I forgot we have that covid thing. Whatever. Good riddance.
Anyways, this is still going to up. After the wick, it made a new all time high. The momentum and capital inflow remains intact. Will stay inside this one and ride it all the way up and together with other glove makers too.
With Nasdaq going to break all time high soon. This is the only way to survive the world for now... financially.
Supermx - How to trade stock that move like bullet train ? Glove counter has been very active... someone ask me how to trade this kind of fast moving stock..
Easy.
You can go down to lower timeframe like M15, M30 or H1 as long as most of the bar got fat body... If you are in the timeframe where most of the bars are Doji, Dash or looks like barcode, then you are not in the right timeframe to trade.
Eg Supermx on M15 chart is just like daily chart of other slow moving stock. The bar and price movement is just like daily trending stock... You can use Slow turtle to Buy as long as it meet FAT condition or use fast turtle to buy when it bounce from EMA20 (Red Line)
You can actually make few hundred per per day using FAT Fast or Slow Turtle on M15/M30...
Same applicable to TopGlove...
Have Fun !!
SUPERMX (syariah): Meneruskan kecemerlangan 1. Supermax bak superman yang terbang semakin tinggi tanpa henti
2. Belom ada tanda-tanda akan melakukan retracement
3. Berlaku gap yang besar antara 4.590 ke 5.00
Sama-sama kita follow rapat untuk melihat sejauh mana kaunter ini akan terbang.
<TradeVSA> The Best Risk to Reward Trade Setup! No Supply Signal
1. Elsoft
2. DUFU
3. Supermx
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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
SUPERMAX strong movementBroke out Inv H & S. Touched fibo 1.618. Forming a triangle (pennant). If breaks out, expect more form it.
SUPERMX 1DAs we can see, the price follow going up after head and shoulder pattern.
now the price already in high price and will make a new high, recommendation is NO BUY cause you will FOMO soon.
Wait until the price cool down or make a new support.
SUPERMX Up Trend Stock + VCP PatternI MISS THIS BOAT, i didn't trade in Supermx. Just would like to capture down another example of Up trend + VCP Pattern for future reference.
Again, Supermx is SIMILAR (VCP) to previous 2 stock that i trade (RUBBEREX and CAREPLS).
1st Contraction: -32%
2nd Contraction: -10%
3rd Contraction: -4%
Lesser contraction mean the supply of stock in the market getting LESSER (observed the volume during contraction also lower) and if demand is HIGHER, then people will need to purchase at higher price. Therefore the price will rocket up.
Buy point for Supermx should be on 15 April where the price rocket up that day with strong volume. It attempt to breakout the neckline 1.87.
SUPERMX - Arrived Maximum ProjectionSUPERMX
Rst: 2.43
Spp: 2.30
This counter has arrived Fibo Extension maximum projection 2.43, you can consider to take profit progressively
SUPERMX - Pending Breakout From Head & ShoulderSUPERMX
Rst: 1.76
Spp: 1.68
Still in quest to break out from reverse H&S formation after yesterday attempt failed. Crucial to sustain at 1.68
<TradeVSA> Support with Spring bar in SupermaxStrength in the chart:
What is Spring?
Shakeout / Removal of weakhandholders at support
1. Pullback to support
2. Low volume downbar
Waiting for confirm Spring with Green Pentagon
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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
<TradeVSA> Stock Review & Update - 16 September 20191. UEM Sunrise
2. Komark
3. Xin Hwa
4. Greatech
5. Green Packet
6. Scomi
7. MSM
8. Public Bank
9. Priceworth
10. MISC
11. Pentamaster
12. CIMB
13. MRCB
14. OCK
15. IWCity
16. Bumi Armada
17. Supermax
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
SUPERMX (7106) Bullish Trend formation after 5 months.SUPERMX (7106)
Bearish trend formation in the month of December 2018.
Price retrace from RM1.78 to RM1.39 in the month of March 2019.
Recent price movement has formed a Bullish Trend formation on this stock.
SUPERMX; Accumulation phase- Have been in the accumulation zone for some time now and have a strong support
- With USD vs MYR getting higher, excellent for SUPERMX
- I expect a move up very soon
TP: MYR 2.00
