DISCLAIMER: FOR STUDY PURPOSE ONLY, Trade at your own risk MYX:KOSSAN
KOSSAN TIme Frame Weekly Hai Traders Interesting to note Only suitable for long term There is a already breakout strong resistance Just waiting until your TP ☺️ #thisonlyforpredectionstudy #thisnotforbuycallorbuysell #chartpattern #TAYOR #MFM.TRADER
Nice rejection on MA50 and RBS. Reversal or not? Might be for another wave up. TAYOR.
Kossan previous major demand / base / stop was created on 29/ Dec / 2014 weekly bar as shown on chart.
Kossan. Today I gonna “bullsxxxing” a “myth” about ying ( seller force ) , Yang ( buyer force ) AND neutral force ( median line of parallel channel) again “represented” with parallel channel. P/s Since tradingview “free user” don’t have enough data feed. I have to “superimposed image” by using 3rd party apps to have more “history data” for “whole view” of its...
Disclaimer : All past, present, future chart analysis are for illustration, research, studies purpose ONLY.. Kossan among 4 kings of gloves stocks. Kossan have a potential breaking its all time high ( ATH ) Rm7.90 from coming “rally “..unlike others 3 kings ( harta, Topglove, supermx) its current downward wave structure from ATH seem “comprised of “ 3 waves...
Kossan latest report announced that : gloves ASP ( average selling price ) have been normalizing as the industry transitions to pre-pandemic levels.. AND..and they intend to expand its capacity by building new plants..As below of the chart. Kossan EPS ( earning per share also “normalized” back to pre-covid level but still “higher than previous all years before...
Price currently at .618 fibo level as the retracement. With volume divergence indicate that price might be rebound at this current level . If price able to complete AB=CD pattern, that might give me a butterfly pattern as of now $2.130 as resistance 20day high. (idea posted as for study purposes)
5 hours ago Technical analysis for KOSSAN Stock based on Trend Analysis, Chart Pattern and Fibonacci Retracement
KOSSAN possible forming a trip zig zag wave pattern as TOPGLOV chart. Where price currently both rebouncing for wave B (Cyan/Light Blue) of the wave Z (Red Circled) which is the last leg of of the triple zig zag (RED Circled wxyxz) pattern. The Next resistance for KOSSAN could be around RM3.80 which are 1) The down trend line of wedge pattern 2) Previous...
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Kossan 6/6/2021 Eventhough quite strong in gloves sector, but still cannot pass through the curse breaking above the resistant downtrendline . SPT 3.200 As of 6/6/2021 Net Cash : 834.142 M Market Cap : 9.618 B Cash : 8.67%
Could it be distribution TR forming?. Further confirmation is needed. Anticipating formation of AR and series of ST within upper range.
Could it be distribution TR forming?. Further confirmation is needed. Anticipating formation of series of ST within upper range.
Personally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks. 1. Draw Support & Resistance 2. Identify the stages (Accumulation, Advancing, Distribution, Declining) 3. Entry Triggers 4. Stop Loss 5. Exits I have learnt during my past mistakes that we should let the stock price comes to...
Technical Analysis Personally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks. 1. Draw Support & Resistance 2. Identify the stages (Accumulation, Advancing, Distribution, Declining) 3. Entry Triggers 4. Stop Loss 5. Exits I have learnt during my past mistakes that we should let the...
MYX:KOSSAN 1st - Range Trading. Entry near bottom range & TP near top range (~15%) 2nd - CL when the price break the support & target re-entry at the next RBS / bottom of downtrend line