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kgiap123
Oct 18, 2020 2:11 PM

TopGlove Inverse Head and Shoulder ?  

TOP GLOVE CORPORATION BHDMYX

Description

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...
Comments
helen9144
support break as well?
kgiap123
@helen9144, Yes. All gloves triggered fast turtle sell.
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