Cyrogx6

TOPGLOV A BEARISH BUY !

Long
MYX:TOPGLOV   TOP GLOVE CORPORATION BHD
DAILY

In daily chart , Topglov consolidates on the red area, we can see strong demand on rm6. XX ,
We call a buy as Vaccine news, Windfall tax, CBP news, Migrant worker, foreign labour has all priced in
We will see Topglov to hover at rm6 for roughly around another week before trend going bullish again
We might see topglove to be bullish around 2021 !

Checkout the Index Idea for Healthcare Sector:
THE BEAR IS LOSING ITS MOMENTUM !

RSI: Shows it rebounded on oversold area: BUY
MACD: Shows a flat Buy cross, a sign where Topglov is still in accumulation phase !

Buy: Rm6.60
Stop Loss: Rm6 - Rm5.9X
Upside: +RM2

Comment: 8/12/2020

We are still in the zone ! great daily reversal candle shows we're about to move away from the zone. Buy the dip and watch it run !
Crucial days next 2 days
We will see if we're able to start the Bull run

Next major resistance: RM9

Comments

Great!! Beast is back!
Reply
Cyrogx6 Inandouthunter
@Inandouthunter, yet to be back... index shows otherwise
Reply
@Cyrogx6, :( beast will be back after breaking RM6.
Reply
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