An attempt for 2W forecast, assuming nothing funny happen in between.
The best price we have witnessed so far is 5.83, and our recent close is 2.51.
Considering weekly ATR at 0.70, should we expect 3.20 for next Friday, and then 3.90 for the next. Thats for the whole 2 weeks.
5.83 or better again? Might not be so soon.
Anyway we are still battling Covid19 and the demand for gloves is still increasing (check recent interview with TopGlove boss, they are expecting solid return until end 2021 at minimum).
A lot of companies now jump in to gloves business because they know there is potential for better gain.
The best price we have witnessed so far is 5.83, and our recent close is 2.51.
Considering weekly ATR at 0.70, should we expect 3.20 for next Friday, and then 3.90 for the next. Thats for the whole 2 weeks.
5.83 or better again? Might not be so soon.
Anyway we are still battling Covid19 and the demand for gloves is still increasing (check recent interview with TopGlove boss, they are expecting solid return until end 2021 at minimum).
A lot of companies now jump in to gloves business because they know there is potential for better gain.
Comment:
www.theedgemarkets.c...pward-bias-next-week
Comment:
Clsed 3.18 last Friday, almost hit TP1 3.20
Let us see if it may reach TP2 3.90 this coming Friday?
Let us see if it may reach TP2 3.90 this coming Friday?