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Sgvale Supreme	21-May-2020 15:13        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	$2 NO PROBLEM
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Sunrahelios Senior	20-May-2020 22:01        Sunrahelios About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://klse.i3investor.com/servlets/staticfile/387855.jsp More details on Q1 2020 results in KSLE, Supermax, surge of 92% in profit before tax. For SGX, Riverstone is likely to fly with Top Gloves tml (RS selling price increase is around may, hence Q1 appears to be not as good). To note that by historical numbers, RS' s net profit margin still is one of the best among the glove counters (see the post below). Its PE still at a quite a substantial discount against TG (though lower production capacity), so still got room for upside. Looking at current macro situation: Covid situation is not improving (check the news), US reopening early despite high infection numbers, a 2nd outbreak is highly likely (i quote from Supermax, due to covid, there was an " EXPONENTIAL increase in demand of gloves" . This coupled with low oil prices, costs for raw materials has decreased substantially, hence double headwind, (increase demand, material costs decrease), a rare phenomenon. All the glove counters has orders filled till next year. Hence retail investors, please do not panic sell on corrections like yesterday, but instead it is a good time to enter. Are there other SGX stocks that you have a peace in mind investing in, at least in the short to mid term (1 year)? Is the covid situation improving? vaccine production for mass use is best next year 1st quarter (they quote if ALL things goes well, but historically, hasnt happen before), even SARs does not have a vaccine till now. Hence the high demand will be sustained. People reacts to bad news very adversely. In current situation, will other non defensive counters have a higher probability in producing bad news for Q2, Q3, Q4 results or the medical consumables counters? Yesterday, Hartelega (another glove counter in KSLE), reported results, Net profit INCREASED around 26+%. Didnt really met expectations, market went into correction, people panic sell but market rebounded immediately, and today closed higher than ytd. This implies, investors, though has reactions to " profits" not meeting expectation, but this wont be as bad when you see losses, or decrease in profit. How likely will the non-defensive counters be showing decreased profits or even losses? many. For such double wind counters, if you are not a trader, just go long and hold even if price gets corrected. In such risky macro situation, will going LONG on other sectors bring you a peace of mind? keep in mind, what goes up, needs to have some phases of correction as traders takes profit. If you are not retiring, do not need to short so early, rider through the medical bull wave, and reap your rewards at end point, or at least when COVID is visibly improving?
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christopherchan Member	19-May-2020 21:48        christopherchan About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	Take a look at this https://i.postimg.cc/Hnk41Vdz/Screenshot-20200519-214659.jpg And my chart https://i.postimg.cc/nrgVVDK1/Screenshot-20200519-211150.jpg Let me know your comments and what you guys think
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furnaces Veteran	18-May-2020 10:19        furnaces About Contact  Quote this Post!
x 0   x 0  Alert Admin	More upside seen in rubber glove stocks Monday, 18 May 2020  9:01 AM MYT KUALA LUMPUR: Affin Hwang Capital research has raised its earnings growth forecast for the rubber glove sector on the likelihood that average selling price could rise more than expected from June. According to the research house, demand for rubber gloves has continued to surprise on the upside as some manufacturers have started accepting orders for delivery one year in advance with 20% deposits. It added that it is now forecasting selling prices to rise 5% to 8% starting from June, which is higher than 1% to 2% predicted earlier. Affin Hwang is expecting a 10% to 12% increase in effective capacity in 2021, which will lead to glove shortages in 2021. " With the current robust demand, we believe that the sector should achieve record earnings in 2020. Unless COVID-19 is no longer a threat, the robust demand for rubber gloves is likely to stay," it said. The share price of rubber glove counters has risen 32% over the past two weeks and outperformed the FBM KLCI by 32.5 percentage points. However, Affin Hwang advises investors stay invested on the higher certainty in the sector earnings. Its top picks remain Top Glove and  Kossan, while it raised Hartalega from " hold" to " buy" . https://www.thestar.com.my/business/business-news/2020/05/18/more-upside-seen-in-rubber-glove-stocks#cxrecs_s
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SgYuan Supreme	18-May-2020 08:41        SgYuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	why 3rd level - see orange ew
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SgYuan Supreme	18-May-2020 08:31        SgYuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	3rd level wabc
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SgYuan Supreme	17-May-2020 23:57        SgYuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	saw ur chart this is one possibility - but u choose a smaller dip for w2 - if u choose the longger deep then now still in w3 ew 690 1050 980 1970 w4? w5? w1 360 w3 990 up 270% w4 378 tgt 1590 dn 38.2% - now here w5 834 tgt 2425 up 61.8% of 360+990 There are in total 3 formations - i choose the worse now wave b up ew or wave c down continue also note this is 3rd level wabc SgYuan      ( Date: 17-May-2020 23:40) Posted: w5 can even hit 361.8% - extended power very strong christopherchan      ( Date: 17-May-2020 19:52) Posted: https://imgur.com/a/b9AbRGN I'm not sure if this Elliott Wave is correct or not, but according to the EW principles > Wave 5 is typically 61.8%, 100%, or 123.6% of wave 1 According to this graph does that mean wave 5 can hit the most up to 1.73 + 0.22= $1.95 1.73 + 0.35= $2.08 1.73 + 0.43= $2.16 Correct??
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SgYuan Supreme	17-May-2020 23:40        SgYuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	w5 can even hit 361.8% - extended power very strong christopherchan      ( Date: 17-May-2020 19:52) Posted: https://imgur.com/a/b9AbRGN I'm not sure if this Elliott Wave is correct or not, but according to the EW principles > Wave 5 is typically 61.8%, 100%, or 123.6% of wave 1 According to this graph does that mean wave 5 can hit the most up to 1.73 + 0.22= $1.95 1.73 + 0.35= $2.08 1.73 + 0.43= $2.16 Correct??
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christopherchan Member	17-May-2020 19:52        christopherchan About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	https://imgur.com/a/b9AbRGN I'm not sure if this Elliott Wave is correct or not, but according to the EW principles > Wave 5 is typically 61.8%, 100%, or 123.6% of wave 1 According to this graph does that mean wave 5 can hit the most up to 1.73 + 0.22= $1.95 1.73 + 0.35= $2.08 1.73 + 0.43= $2.16 Correct??
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SgYuan Supreme	17-May-2020 19:26        SgYuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	this main ew - is call primary ew - primary ew w5 is w5 ext ew call intermdiate ew - intermediate ew w5 is w5 ext ew call minor ew - minor ew w5 is w5 ext ew that break Here actually has 3 level of ew - 4th level break dn
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SgYuan Supreme	16-May-2020 21:07        SgYuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	u very sharp yes u are right w3 cannot be the shortest take this as a guide the back door now is wave b ew if it can punch up mean w5 not end christopherchan      ( Date: 16-May-2020 20:56) Posted: Sir shouldnt wave 3 be longer than Wave 1 and Wave 5?? SgYuan      ( Date: 16-May-2020 20:03) Posted:
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christopherchan Member	16-May-2020 20:56        christopherchan About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	Sir shouldnt wave 3 be longer than Wave 1 and Wave 5?? SgYuan      ( Date: 16-May-2020 20:03) Posted: christopherchan      ( Date: 16-May-2020 02:24) Posted: Sir, are you using Elliott Wave?? If yes now which wave is Riverstone at? (15may202
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SgYuan Supreme	16-May-2020 20:15        SgYuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	main ew 690 1050 980 1240 1140 1970 wabc wa dn 1970 1750 wb up 1750 ?1860 - now here this can break the wabc if punch up 1970 - see wb up ew wc dn 1860 ?1640 wb up ew 1750 1860 w2? w1 110 w2 70 tgt 1790 - px hit 1760 dn 90% - if break 1750 wc continue w3 178 tgt 1940 w4 68 tgt 1870 w5 110 tgt 1980
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SgYuan Supreme	16-May-2020 20:03        SgYuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	christopherchan      ( Date: 16-May-2020 02:24) Posted: Sir, are you using Elliott Wave?? If yes now which wave is Riverstone at? (15may2020 SgYuan      ( Date: 15-May-2020 12:23) Posted: w2 tgt 1790 cannot break danger - dn 61.8% - then go into deep correction - if break w1 1750 then wave c tgt 1860-220=1640 wb up ew 1750 1860 w2? w1 110 - px block by 15min chart baseline 1860 w2 70 tgt 1790 dn 61.8% - px hit low 1830 - px cannot break 1790 wave c continue - if support then got chance for w3 w3 w4 w5
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christopherchan Member	16-May-2020 02:24        christopherchan About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	Sir, are you using Elliott Wave?? If yes now which wave is Riverstone at? (15may2020 SgYuan      ( Date: 15-May-2020 12:23) Posted: w2 tgt 1790 cannot break danger - dn 61.8% - then go into deep correction - if break w1 1750 then wave c tgt 1860-220=1640 wb up ew 1750 1860 w2? w1 110 - px block by 15min chart baseline 1860 w2 70 tgt 1790 dn 61.8% - px hit low 1830 - px cannot break 1790 wave c continue - if support then got chance for w3 w3 w4 w5 newb1234      ( Date: 15-May-2020 11:56) Posted: bro, what is the good support level here? 1.65? or 1.79
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JY0064 Senior	15-May-2020 16:39        JY0064 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The best is yet to be. danger      ( Date: 15-May-2020 14:50) Posted: GOOD BUY ? newb1234      ( Date: 15-May-2020 11:56) Posted: bro, what is the good support level here? 1.65? or 1.79
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danger Supreme	15-May-2020 14:50        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	GOOD BUY ? newb1234      ( Date: 15-May-2020 11:56) Posted: bro, what is the good support level here? 1.65? or 1.79? SgYuan      ( Date: 15-May-2020 11:30) Posted: ew 1750 1870 w2? w1 120 w2 75 tgt 1795 px hit low 1790 and uturn w3 195 tgt 1985 up 161.8% - px hit 1970 and crush down delta 180 day rsi 90.855 very topish - it need to correct now this wave start from 68.5 to 1140 to 1970 delta drop 1970-1140 ×38.2%=317 tgt 1970-317=1653 - px hit low 1975 - it touch 30min cloud 1750 can consider wa dn 1970 1750 delta 220 wb up ew 1750 1860 w2? w1 110 - px block by 15min chart baseline 1860 w2 70 tgt 1790 - px hit low 1830 - px cannot break 1790 wave c continue w3 w4 w5
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wehuattogether88 Supreme	15-May-2020 13:24        wehuattogether88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Correction started
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newb1234 Member	15-May-2020 13:09        newb1234 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro . you spotted on. This company has good potential but it seems to make it close to $2 TOO FAST. when something goes up too fast, expect the price to come down fast also. SgYuan      ( Date: 14-May-2020 09:05) Posted: ew 1750 1870 w2? w1 120 w2 75 tgt 1795 px hit low 1790 px cannot break 1790 w3 195 tgt 1985 up 161.8% if wabc up then 120 tgt 1910 up 100% Now rsi 90 very topish Have profit better take
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SgYuan Supreme	15-May-2020 12:23        SgYuan About Contact  Quote this Post!
x 1   x 0  Alert Admin	w2 tgt 1790 cannot break danger - dn 61.8% - then go into deep correction - if break w1 1750 then wave c tgt 1860-220=1640 wb up ew 1750 1860 w2? w1 110 - px block by 15min chart baseline 1860 w2 70 tgt 1790 dn 61.8% - px hit low 1830 - px cannot break 1790 wave c continue - if support then got chance for w3 w3 w4 w5 newb1234      ( Date: 15-May-2020 11:56) Posted: bro, what is the good support level here? 1.65? or 1.79? SgYuan      ( Date: 15-May-2020 11:30) Posted: ew 1750 1870 w2? w1 120 w2 75 tgt 1795 px hit low 1790 and uturn w3 195 tgt 1985 up 161.8% - px hit 1970 and crush down delta 180 day rsi 90.855 very topish - it need to correct now this wave start from 68.5 to 1140 to 1970 delta drop 1970-1140 ×38.2%=317 tgt 1970-317=1653 - px hit low 1975 - it touch 30min cloud 1750 can consider wa dn 1970 1750 delta 220 wb up ew 1750 1860 w2? w1 110 - px block by 15min chart baseline 1860 w2 70 tgt 1790 - px hit low 1830 - px cannot break 1790 wave c continue w3 w4 w5
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