If the bird flu were to spread, one industry that would benefit is the rubber glove industry. Below, I have appended the daily charts & monthly charts for Topglov & Kossan. If Topglov can surpass the RM5.75 level and similar if Kossan can surpass the RM3.75 level, both stocks may start on their upleg. Watch the news & these charts closely.
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Chart 1: Topglov's daily chart as at Apr 4, 2014 (Source: Quickcharts)
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Chart 2: Topglov's monthly chart as at Apr 4, 2014 (Source: Tradesignum)
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Chart 3: Kossan's daily chart as at Apr 4, 2014 (Source: Quickcharts)
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Chart 4: Kossan's monthly chart as at Apr 4, 2014 (Source: Tradesignum)
Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, Topglov & Kossan.
1 comment:
Investing in rubber glove manufacturers on the news of bird flu is like buying JCY when Thai experienced heavy floods last year.
Good luck
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