Glove rebounds when R0 (reproduction number) rebounds to 1.19? We look at the big picture throughout the whole pandemic. The current price suggests that 3 quarter of investors (including institutions and retailers) to date are 'at a loss'. Yes, it is a simplification for us to assess whether it is 'cheap' to enter. You either love it or hate it, and the healthcare theme is taking a lot of inertia to restart momentum. RM4.40 is a rather strong resistance, breaking which we will enter into 'high movement zone'. Expect volatile movements between from thereon to RM5.70. The high movement zone so happen to coincide with critical Fibb levels.