kgiap123

TopGlove Inverse Head and Shoulder ?

kgiap123 Updated   
MYX:TOPGLOV   TOP GLOVE CORPORATION BHD
TOPGLOVE Daily.
TopGlov is obviously move slower as compared to Supermx.
However, TopGlove also just breaking out from Inverse Head and Shoulder pattern with SLOW TURTLE BUY and STRONG VOLUME.
Last 2 RED candles are with relatively lower volume indicating a healthy small pullback.
No Fast Turtle Sell signal be seen so far.
FiFT+ve, ATOM remain as BUY and Banker's Chip above 50%.
Fibo projection 1.618 is around 12 (Round number) and confluence to Heand and Shoulder target measurement...
Fast Turtle sell is below 9.2

Comment:

TOPGLOVE Weekly - First FAST TURTLE BUY on weekly chart is a good entry point. BULL FiFT Recharged, ATOM BUY and MCDX Banker's chip exceeded 75% from weekly chart perspective.
Trade closed manually:
Bull fail to rally..
6.0 - 6.1 is support zone
wait for rebounce...

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