Updated View On Top Glove (10 Jan 2021)
Did you read our previous analysis of 17 Aug 2020, on the Top Glove? (I will put the link of the prev post below)
It went down to $6.5 as expected.
Now. Listen.
Something BIG happened in 04 Jan 2021.
It could be the potential trend changer and the pullback of Oct 2020-Jan 2021 may be over.
For the starter, $6.8 will be the nearest resistant and it shall be easily reachable. The $7.5~$7.6 region be next.
So, do not short sell for now as the higher price can come in for quite sometime.
On the flip side, $5 shall be strong support. Let's see.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Did you read our previous analysis of 17 Aug 2020, on the Top Glove? (I will put the link of the prev post below)
It went down to $6.5 as expected.
Now. Listen.
Something BIG happened in 04 Jan 2021.
It could be the potential trend changer and the pullback of Oct 2020-Jan 2021 may be over.
For the starter, $6.8 will be the nearest resistant and it shall be easily reachable. The $7.5~$7.6 region be next.
So, do not short sell for now as the higher price can come in for quite sometime.
On the flip side, $5 shall be strong support. Let's see.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Comment:
Updated View On Top Glove (29 Jan 2021)
Follow our analysis on 25 Jan? Congrats.
It is raining cash. First TP of $7.00~ $7.25 hit.
Now I expect $6.3~$6.5 shall act as good support. Think twice before selling. The sell pressure shall only come in if it breaks $6.
Follow our analysis on 25 Jan? Congrats.
It is raining cash. First TP of $7.00~ $7.25 hit.
Now I expect $6.3~$6.5 shall act as good support. Think twice before selling. The sell pressure shall only come in if it breaks $6.
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TopGlove uses the recent swing low of 5.25 region as support and it is now trying to reclaim the swing resistant region of 6.75 region.
It could be possible as long as the level 6 is supported.
Once the 6.75 get broken up, 7.00 ~7.25 will be the next resistant.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!