Comfort Gloves Berhad - Technical Analysis_14.07.2020
Start from 29 June 2020 to 13 July 2020, all the Glove stocks increase significantly. However, Comfort is the one lag behind which only increased by 22.5%. On 7 July 2020, there was 124.87million volume with 十字星 (多空交战), 股价也没什么跌, 庄家出货和不让股价大跌 (投机气氛很好so容易出货, 有人会买). After few days did not break the support of RM3.45 except for 13 July 2020 and 横摆. 庄家有一天会拉升出货的, 还有票在手.
On 14 July 2020, Comfort开始拉升, but can't break the resistance of RM4.2 with 269.89million volume, got 长上阴线 = 庄家出货. Super high volume and can't break the resistance - should be start to Downtrend - Downside risk > Upside return - Better don't buy anymore.
Comfort Gloves Berhad - Technical Analysis_15.08.2020
I made the wrong judgement on 14 July 2020. The market phenomena of speculative is still strong. On 14 July 2020 is not 出货, is 洗盘, 把想卖的都赶出去, prepare for the 大拉升, of course the 大拉升 need to see the phenomena of market. This is because a lot of shares are limit up therefore 庄家 easy to 拉升. After 14 July 2020 is good entry point if no break the support line. Another reason why 庄家拉升 on 03 August 2020 is because they know result of Hartalega is out of expectation and release on 04 August 2020. Market is always unfair, those rich people will always know the news before you know. After that, the share prices are drop like hell. Always remember 量来价涨 is sell, not buy. This can help to reduce the risk.
The above is for my own and future reference. Not buy and sell call. Thank you.
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