HEALTH trade ideas
Bursa Malaysia Health Care Index - [HEALTH]Trend :
The index showed a strong uptrend from March to early May, reaching a peak around 2,350. Since then, it has been in a downtrend, with lower highs and lower lows.
Support and Resistance :
Current support appears to be around 1,880-1,900. Key resistance levels are visible at 2,200 and 2,350.
Momentum :
The sharp decline in August suggests strong downward momentum, though recent price action shows attempts at stabilization.
Healthcare : True or FakeHapag-Lloyd, the world's fifth largest container shipping company in the world, has halted its activities in the Red Sea.
MSC, the largest shipping company, and Maersk, the second largest, have also announced that they wish to avoid the Red Sea.
We can expect total disruption to logistics lines and a massive increase in the price of consumer goods.
This is because the shipping companies will be passing on the extra transport costs to the consumer.
Health, next theme play by operator?Will operator allow me to join their game?
A wild guess again, maybe in between (before or after) 15/9 will has show?
Just wait operators to build the first step of staircase🪜 to north.
Another waiting game 🎯🎮
>> Price still below Hull MA
>> Still OS, in fact I love OB counters, the place where big money moving.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
Malaysia Health Index Demand Zone.9/Feb23Within a 3 continuous bar, bar 2 must be the biggest bar compare bar 1, 3..PLUS there must be a “gap” ( as shown on this white rectangle ) within the high of bar 1 and the low of bar 3 ( for the case on demand Zone)..The “Demand Zone” always lies within the low and the high of bar 1.
Malaysia Health Care Index.Correlation with Gloves Stock.20/6/21With geopolitical and economic issues, Should we "trace" Glove Stocks "Future Paths" with US Glove Stock ADR/OTC? or "Local" Health Care Index? which is Comprise ≈ A Quarter (28.5% ) ( 4 out of 14 Malaysia Health Care Index Stocks are Gloves Stocks)
can healthcare sustain? my personal opinion.price broke above ema 50 n 200. downtrend line broken. everyone happy? gloves can fly? personally i don't think so. mcdx not showing any red chips n banker mountain is very high. i think this will end up as a false breakout. so, pls be cautious. no need to 100% believe in me, ok? tayor.
Weekly Index Review: HealthcareThe weakest chart pattern among all the sectors. Market are looking forward for recovery sector after arrival of vaccine now.
Always remember our motif here is gain profit through investment, not to prove how much you support the company. It is not football match.
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