CAREPLS Hourly Chart Analysis on 5 July 2020CAREPLS 1 Hour Chart::heart:
7/5/2020
Support : 1.12/1.18 , 1.35
Resistance : 1.52
CAREPLS volume surged on Friday last hours with the slightly improvement on momentum.The price level of 1.52 still act as strong resistance (Previous trend hit around there) and the consolidation region around 1.40~1.52 seems like going to break soon if high volume can be remain high. 1.65~1.67 could be next target when the price rebound from 1.52 (if can stand up).
MYX:CAREPLS
CAREPLS trade ideas
Pengakhiran paling menyedihkan untuk CAREPLS?Siapa tidak kenal dengan kaunter ini? Bangkit dari nilai super penny 15 sen sehingga mencapai tahap tertinggi Rm1.89 dalam tempoh 2.5 bulan SAHAJA!
Ramai OKB (orang kaya baru) telah berjaya dilahirkan, namun tidak kurang ramai juga yang tersangkut di puncak harapan.
Esok bakal menentukan nasib kaunter ini, di manakah hala tuju di akhir bendera berkenaan? Adakah ke atas, atau terus terjerumus ke bawah dan terus bersemadi dengan aman?
I predicted the latter. Kita sama-sama nantikan.
FINAL PUSH UNTUK CAREPLSCarepls dijangka membuat final push untuk wave 5 dan dijangka berlaku truncation (harga tidak akan melebihi wave 3).
Ini disokong oleh wave 3 yang sangat panjang iaitu antara syarat berlaku truncation.
Correction wave 4 telah membentuk expanded triangle dengan wave E telah overshot trendline A-C.
CAREPLUS (Syariah): Misi mencari Upper BBCareplus nampak kuat untuk meneruskan misi pendakian ke upper BB. Kuat bertahan disaat market merah pada hari jumaat lepas dan berjaya tutup dengan candle hijau. Berada dalam sektor healthcare dan glove yang amat relevan dengan musim covid19 banyak membantu careplus untuk meneruskan kenaikan. Adakah minggu hadapan ia akan berjaya untuk berada di atas paras harga RM1.00 setelah 3 kali cubaan tidak berjaya sama-sama kita ikuti secara rapat. Untuk aras-aras SnR sila rujuk di chart......TAYOR.
CAREPLUS: WILL MOVE HIGHER LATER ON!Hi..Another trading idea for you to follow. Careplus still be treated as demanding product. I'm expecting the continuation of uptrend pattern this week to challenge previous 1.175 HH resistant line. 40 days momentum and current fibo retracement support the idea. Also my BOX TRADING strategy! Just buy bro!..
Understand How Whales Operate - Malaysian Glove StocksDisclaimer: If You Don't Like Me or You Don't like What I am Saying Here. Please Fuck Off and Go Away.
Okay, done with disclaimer.
If you want to make money in the financial markets, you need to understand how whales/smart money operates.
You need to throw away all your understanding of how market works, the bullshitness of efficient market theory. There is no such thing as efficient market. Market has always been manipulated for hundred years.
Market has always been manipulated to make some people poor and to make some people very very rich.
Here is how the market is operate.
Rule number 1 - Retailers doesn't matter or doesn't move the market.
Please, just let go the idea that somehow you can move the market. Nope, you can't and will never be.
Market has always been moved by the large players. Large players control the market.
Large players will make the best use of news and sentiment and external factors.
For example, glove makers for the past few years are doing nothing, yes, they sell gloves, but nobody cares about it. So, these whales or smart money, will accumulate the shares of all these stocks so that they can "distribute them in the future when the timing is PERFECT". Please, this is very important to understand.
Without the whales, there is no bid or buyer and the shares can go essentially to zero or close to zero. So, the whales will put the buy wall or buy bid to maintain the price or just gradually drop the price so that the impatient people will sell them.
This is especially true for companies with good fundamentals or with good management and have solid business.
So, they will do this, even if they have to wait for 10-20 years. Yes, the whales are very patient and they have DEEP POCKETS. Plus, they are controlling more than one stock/one industry at a time. They can distribute one industry/sector while accumulating in other sector/industry.
Okay, let say, the time is PERFECT, everything just fall into place.
Like suddenly we have this corona-virus and demands for gloves spike up. So now, the whales have REASONS to push the share price and distribute to the unintelligent retail investors or sheep.
They will plan and decide HOW MUCH or HOW HIGH the share price will be for them to COMPLETELY distribute the shares. Of course there will be discussions and plots behind the scene, sometimes with the management or without the management or fund managers.
In the case whereby the company is turning around and becoming a solid company, some fund managers may want to buy and accumulate for long term holdings or for inclusion into an indices or whatever. Then, the whales will decide how to transfer the shares appropriately to the fund managers, meaning that sometimes, whales will transfer shares from one to another. Usually the next whales will be the BIGGER whales that will take over and operate the stock from that point on.
And your biggest whales are the FED and banks who owns the blue chips and large cap stocks. Every blue chips companies was once a small cap stocks, that's how the transfer was being done.
Regardless, the point is, this always moves in cycle. The cycle of distribution, accumulation, the distribution by maybe another BIGGER whales and distribution at higher prices etc etc etc.
That's why I cringe when people somehow think the market is efficient and somehow its supply and demand thing. You don't understand, you are nothing COMPARED to the BANKS and CENTRAL BANKS. So, you better go rewire your brain and the way you think about the market.
If you understand this, then you can understand more how to PROTECT yourself from the CARNAGE or how to make a lot of money, just how the whales make LOTS of money.
Another thing, the whales always groups stocks or companies into categories.
In this case, we have the large cap or blue chip stocks -> Top Glove, Hartalega, Kossan, then we have mid cap, then we have small cap and junks.
Sometimes all of them will move together, sometimes, the blue chips will MOVE first, then only it cascades into mid and small cap.
And at the PEAK or END of distribution, the biggest gainers will be from the small cap or junk stocks. When you see some obscure penny stocks goes up 10-20x. That may INDICATE the PEAK of the distribution phase for the whole industry and then we are back to square one, i.e, boring years of accumulation.
Peace.
Glove stocks keep make new highDuring the MCO, the safety for the front-liner is always a priority . Demand in the gloves and the other healthcare equipment like PPE keep increasing.
Carepls making a new high during this period. According to the MCDX indicator, indicates a huge amount of parties involves to push the price up as throughout the MCO.
With the latest news, CMCO will be extend for 4 weeks (Until 9th June 2020). Hence, from the observation biarkan uptrend chart pattern berbicara...Goodluck !
CAREPLS Up Trend Stock + VCP PatternObserved Carepls have similar pattern to my previous trade at Rubberex (Up trend + VCP pattern).
Up trend confirmation:
1) Stock price above MA50 trend line.
2) MA50 trend line above MA200 trend line.
VCP
1) Observed 3 contraction where the contraction % getting lesser. (1st contraction ~64%, 2nd contraction ~12% and 3rd contraction ~8%)
2) VCP very much related to supply/demand.
3) Each contraction getting lower mean people more willing to hold their ticket rather to sell it. (Volume shown getting lower as well)
I enter Carepls on 22 April 2020 when the price break 0.350. I predict it will break the neckline on RM0.405.
And the movement of the price proof that my analysis is correct.
I still holding Carepls as the momentum still there.