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hi Dickson, actually you should be able to notice, every bullish signal came, then actually later you see the price heading to South instead, so I would said all were bull trape instead. any recovery at price are for a further of price decline formation. I felt glove stocks can forget about it for another 2 years at least. as such bubble burst effect it will take times to heal...wait till this forum quiet down for 9-12months only pick up
actually at tg situation you can't make long position, as weakness are still intact, ppl can only trade for a rebound along the way, there are others better option
but layhong nothing to do with construction, it's a daily consumer stock as chicken egg business, I'm not looking at construction sector, I'm more on trend and momentum trader. looking at bjcorp
I'm waiting for hourly macd cross and cut a buy signal, then the volume comes I'll pick up, remember even the buy signal appear in hourly, volume didn't come along I'll wait!
I'm using hourly chart when daily had no entry signal to catch, so far 30min are about good to pick up, but I'll let the hourly to confirm it, of course volume are important, as I'm a momentum trader
not yet, haha but I see it's breaking resistance line, if tmr got retracement back to the resistance line den can in. perhaps a big swing to 0.8 from what I see. u joined the party dy?
yes indeed, now everything becomes history and painful today's reality. most times truth of words were hard to swallow, but once becomes real, are too late. hope you both don't give up hopes
yeah. last time people always future PE future eps etc and give TP. so now the price did the same in contrary by estimate future earning which is declining.
compare (revenue vs profit) -qr4 2020 was 3.2b vs 1.3b (42%) and cross check with - qr4 2022 are 2.1b vs 608m (29%), the ratio of profit are obviously decline, means the supply are already suppress demand
last year August/September, all were got drunk by the sky rocket share prices, didn't anticipated the production at maximum capacity will not justify/pare with the sky high stock prices. and also didn't pre- thought one the possible of others will venture into this glove production, which will made the saturation of products mkt share. but the blame on JP Morgan or RSS/ idss are an excuse to their own negligence on the price that they been holding. JP Morgan only answered to their shareholders
I discipline my children's error, I'm always end with 2 said: 1) if I was wrong, then let me bear it, but if I'm right, I'm damm right. 2) some times I hate that I'm right! which mean u was so wrong, I'm sure I'm qualified to speak this at here right now, which my first post was 396days ago some where last year mid August, I'm clear my position with those (filthy) money, which sad to said as this, because share mkt were a zero sum games
recently low at 256, macd supposed shown a bottom reversal sign since 1st Oct, but till today the macd signal lines still at negative zone, till today closed, the signal line show further weakness (but yet to be confirm) as today closed price are not far from 256, so once it hit below 244~248 possible start a new trend
don't worry for me, I have zero position in equity market at present moment, my capital are fully unharmed, I'm very much still can afford to pick up any, if I want. so the (free) gift please pass on to those needs. I knew you being call buy 34 days back. so hahaha supposed to be sad or real happy?
before pandemic the high was at 1.77(after adjustment of bonus) now trading just above 2.00 which 13% premium! then look into the qr to qr, Q1 22 1.6b vs 185.7m, Q3 1.7b vs 347.9m. which can tell ever dollar of revenue verses every cent of profit are less than half, so their products profit margin are back to normal, which awesome dividend pay out would be history! so if wise investors would knowing the maths of purpose of the capital invested vs with expected return, then they should know where
they should be know where n what price to enter, so give me free or not? that's not important, I knew the value of each items, or even value or the depth of knowledge individual. in the trading mkt, vision ahead, and mind set pre-entery are priority!
this year total dividend pay out, I'm sure many wise investors should understand the 0.65 per annum were history! may guess should be around 0.16-0.19, am sure there were someone to justify the cash value of such company, why not privatised, even much aggressive share buy back or shares combined
with today announcement, either the share holders are die heart or heart died, then the share prices won't go too far from here. remember! when all kinds of bad news and scenario, the share prices don't moved too much or too far, means it's bottomed. but to get back to RM 5, those levels are not by finger snap! when ever it's rise, the old share holders will appear as seller, longers it goes will numb the high price share holder to dispose. so as these processes will take years to consolidate
now days, information are so much, regardless of genuine or false, ppl can just create a name, account can start to blog, twit, make a buy or sell call! can even boasting how many they buy in or profit off. everyone Tom, dick, and Harry can made forecast. wise investor should always guide your own risk, and maintain your own interest while individual enter the market
this year tg dividend pay out, missing march and June, so the earning and profit are clearly out, to justify of dividend return investment plan are off, capital return are vanished as well, the dip are over or just about to begin are yet to be confirm, with such market sentiment, and the past over enthusiastic on the glove fever which also called bubble, this will further dip are still possible
the side effects of bubbles are devastating and persistent, already 2 years still not find it's bottom, partially due to, punters went in while rebound, thus so this will continue the selling pressure along the way. ...the bottom sign would be the downtrend duration, half or double of it's times
why can't I said this will be like dsonic, hengyuan? that's was my post 2 years back at August 2020, while that time ppl are rejoice and partying, not even JP Morgan call a sell yet? thanks God I'm still alive to reinstate my statement.
since after the low on 29/9, the rebound had moved this share quite an awesome range, but beware of the minutes n hourly chart shown of divergence signals, which great possible of profit taking and retest the bottom,...or firm a base
in the coming 3 trading days, if it closed below 0.67, then this rebound session are over. a retest bottom are highly possible, but to break this low (29/9/2022). I think are quite unlikely, as the values of the company at this price are really attractive enough for solid investors to get involved