Read about company because it earns alot of money. They produce gloves. Maybe this is the moment to buy... we will see. Great Risk Reward ratio as fundamentaly this company should be priced PLN 1500
Potential false breakout to 5.87 before breaking down from rising wedge
Top Glove is facing strong resistance at the 50% fibo level. Rising narrowing wedge forming and nearing the tip. Volume is also decreasing. If break below trendline, expect a major selldown and breakdown to RM3.50 (23.6% fibonacci level). This is also JP Morgan's target price.
With coronavirus outbreak in 2020, glove stocks have seen immense upside. However, since August 2020 until now (April 2021) - it has been in a lengthy correction as if there's no hope left and uncertain whether or not glove stocks could still perform in the future. Utilizing Elliott Wave Theory, it is likely that we are about to complete a Flat Correction...
Rubber glove stocks seem to be heading downhill currently, falling to the lowest points since the reverse of the strong upward trend in October. Despite the slump in these glove stocks, I believe Top Glove offer some of the highest sustainable dividend yields in the world - the glove sector was an attractive sector for many years prior to the pandemic, and it...
For Discussion, Rubber Futures trading in consolidation. May break higher; Higher rubber prices may affect margin of glove making companies? What are your thoughts?
Enter above RM 4.05 TP 1 RM 4.55 TP 2 RM 5.16 CL RM 3.75 Hello Traders, I am currently learning Technical Analysis , and the ideas I post are what I call ("Learning Notes"). Comments on my analysis are very much welcome and will be greatly appreciated. If you like my analysis, kindly drop a like and follow me! :) Let us learn together, and grow together to...
Hello Traders, I am currently learning Technical Analysis , and the ideas I post are what I call ("Learning Notes"). Comments on my analysis are very much welcome and will be greatly appreciated. If you like my analysis, kindly drop a like and follow me! :) Let us learn together, and grow together to be a better trader! Sincerely, Kenneth...
support level at 3.20 Resistance 1 : 3.50 Resistance 2 : 3.85 medical gloves are on demand globally so investing in careplus till 2021 shouldn’t be an issue. *Profitable company * If you bought at the higher price my suggestion is use this formula call (buy on deep) Buy On deep at 3.25 It’s helps you to lower your total unit price (Lower price vs more units...
In this week ahead, the glove stocks are poised to receive shocks from the Malaysia's Parliamentary tabled response on the take of Malaysia 2021's Budget Reform. This reform entails high fundamental risks to not only glove stocks but also other relevant stocks such as "The Renewable Energy Sector" as the budget pursues a wide variety of efforts to spearhead a...