Ready to land on 14xx level

Is the bull run for glove stocks over? Nobody knows. I was reading the comments in this thread over the weekend. There was euphoria. Glove stock prices will rebound on Monday.

I was not so confident. Why? Because the glove stock prices have not dropped deep enough especially for counters like Supermax. A 5% daily drop is nothing considering the run up of the glove stock prices.

If the glove stocks continue to drop another 5% to 6% daily for the next 5 days, then we can call it a real discount. But by then, how many traders or investors would be left holding the counters? Even today some forumers are quietly cutting their losses. More forumers will be cutting their losses tomorrow if the counters drop another 5% daily and so on.

That is the nature of the Beast. Mr. Market has no memory. It does not remember its price last week and it does not care that you are a shareholder.

Gloves is a counter that if u believe in its prospect and business, then buy at the right price and wait for it to go up. If u dun believe, then better not to buy, cos it will be volatile from time to time. Dun play gloves like play goreng stock, until need to monitor every few minutes and panic when it drop

Well, this might be the case. Looking at it currently, once it "equals" with TG, both will start going up together.

Can you do me a favour to show the chart please?
Thanks.

4 days of mostly green.............

Double top + lower high lower low in healthcare sector

All b4 gloves neckline broken.

What else do traders need to cut loss?