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The rally of this pair is seem like to continue a bull run after a U shape trade created. Hoping that after this resistance, this trade would go higher.
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...
Rubberex is the most trusted company brand ever. In my thoughts, their products is getting popular in medical usage today for front liners. PPE is needed to medical workers today to helps other. The 1st run for Rubberex is done, they get break trough the 1st resistance. Forecast the price will try to move upper more at 0.89 - 0.895. A small bounce back down is...
The needs of PPE for pandemic covid-19 is still high. The demands still keep in rising, even the PPE still not enough. Foresee that demand for PPE will contribute a huge bounce, till 0.320-0.325 new resistance. If this resistance is broke, consider continue to take long position.
Due to pandemic Covid-19, the stocks are falling. And some they are only a few days falling. A short term target for buying Long Danco. Foresee target Danco will go to 0.385 - 0.395 region before back to 0.30 . If resistance is break consider a long target up to 0.45-0.455
This is just an analysis market and not a investment guide.
The impact on oil demand is keep on falling. In this short term, foresee target in 17.5 region. April oil demand will see fall to 20-25%,, that's is a huge fall in this year 2020.
Due to pandemic Covid-19, medical health care and PPE is highly needed today. Forecast Careplus will have a lots of producing new gloves for the front-liners worker. Short term maybe will bounce up to 0.30 up to 0.35 before going back to 0.25-0.20 region , Upper resistance will be the challenge for the trend going up.
This is only an analysis, not an investment...
As pandemic every world, peoples worldwide are lock down at house and the streets are empty. There are no flights, countries closed their doors. No more air ticket, no more tourist. The vaccine will not ready yet in this near months, it takes times.
The coronavirus pandemic has already killed about 33,903 people and sickened more than 720,217 cases worldwide....
Due to panic stock selling, Convid or Corona virus has killed 2 life in America. As long the vaccine still not found, this bearish market will be deep down. Selling/short is going now in 4 hours trade. All is based on my own analysis and trade idea.
