Topglove’s Price will be trending up to 3.78 +/-.( a potential of 320% growth from current price).. Slightly “exceeding” the inducement/ stop hunting zone. (3.00)..Where FOMO ( fear or missing out) investors/traders will “stuck” again due to a “deep pullback “ of -50% toward 1.69+/-
For studies purpose only. Topglove possible next 1 years plus roadmaps..
So..JP Morgan “emphasize” again that glove’s industries will ONLY “fully” recover after 2026. But it doesn’t meant Mr. Glove can’t achieve his “Climax/ A.T.H ( All Time high) again after already “dropping his pants” so low. It just take “more time” to achieve “ Climax”..
Topglove probably @ its “temporary top” after surging up (38.02%) from last posted ideas. Many traders/investors might feel “the urge” as FOMO ( fear of missing out) “ the boat “..BUT its price might retrace -20.99% to around 0.640 { a confluence zone of 1) Demand Zone 2) lower trendline support of channel 3) Volume Profile’s P.O.C }..while waiting for FED rate...
Topglove. JP Morgan’s Projection of RM0.45 probably “failed” this time. As other 3 major player already posing a bullish reversal setup based on Elliott wave and cycle. Just waiting for “confirmation” signal. Topglove price has just broken RM0.605 a “confirmation signal “ +++ Price of weekly Topglove, kossan and monthly Harta has formed a hammer candle/ pin bar...
Topglove vs Karex ? Apple vs orange? 29/Sept/22.. Topglove as world largest gloves producer . Some “compare” it with world largest condom stock. Karex. As both are the “biggest player” of “rubber”products..One should have the “same fate” of the others. Just 1 question. Does human need “standard SOP/ protocol “ during sex activities.. Or “condom” or “gloves” is a “...
Topglove. We’re at the “junction/ intersection “ of 2 median line ( dotted yellow) of 2 major (long term) ascending parallel line ( cyan) + Plus Fibonacci 0.386 lvl which is around RM0.570. Let see whether price could keep above RM0.50 for coming few months. We have 2 “news”. The “Good news” is we might close to complete correction of expanding flat (A)(B)(C). ...
Topglove. Are you interested to know how to catch a “falling knife” with gloves? Or Topglove more specifically?..Let do some “microsurgery” first with “Topglove” “zooming” into this “ Zone C yellow” to see where it’s centre of cancer location and before cutting its “cancer tumors” with while you might be “hurt” “many times” by catching “falling knife / downtrend...
Topglove “Conservative” traders may wait price to break RM1.140 which is CHoCH level ( subwave wave B (yellow) of last impulsive wave 5 ( Cyan Circled) to “ confirm the “long term” downtrend is “game over “ and waiting to buy at “pullback “ after the “ break out.”
Topglove previous major demand / base / stop was created on 5 Sept 2017 monthly bar as shown on chart.
Pure speculation for fun. Don't make important decisions based on this. Gloves tend to lead KLCI recovery after a crash. SPX mid-term seasonality likely sideways at best before Q4 or with a bottom in September before rising towards mid-term elections in November. If KLCI were to "crash" and follow this pattern, it will start in August and bottom in...
Topglov’s medium cycle 7 ( Purple) will be due anytime soon (as it was always between green/red vertical line ) and move up to cycle 8 ( purple) which is due by year end of 2022.
Topglove. Probably in “Phase C” of “ Wyckoff’s Accumulation Stage” moving down to Spring.( @ around RM0.90). With 3 Drives chart pattern.
Topglove (again). Today I gonna “bullsxxxing” a “myth” about ying ( seller force ) , Yang ( buyer force ) AND neutral force ( median line of parallel channel) again “represented” with parallel channel. P/s Since tradingview “free user” don’t have enough data feed. I have to “superimposed image” by using 3rd party apps to have more “history data” for “whole view”...
Topglove as the chart. Its long term cycle 13 (Green) is due slightly after green vertical line = it will be “bottomed” anytime now or by early 2023. Cycle 14 high ( Green) is @ the “middle” of vertical green and red line = Topglove will have “uptrend” until 2024/2025 min after it completed Cycle 13 ( Green) low.
Topglove chart again!? It must be very “boring” as I “re-access ” my ideas again and again on Topglove chart..BUT since I personally invested on it I never treat my hard earned money lightly..
Topglove. After re-checking Topglove z-factor ( the speed of its chart). . Topglove having “probability” to break its ATH within 3-5 years time.
Topglove breaking “new low” again, the next “battle “ would be @ around Rm0.77 which is volume Profile POC and yearly demand Zone..