By "breaching" 0.80 again and reached 0.725 as last post on 20/May/23. Market Maker finally "creating panic selling!". But checking from smaller/lower time frame chart. its price still have high probability reaching @ 0.71-0.70 +/- before multi years bottom formed!
Topglove have been trending down for > 2 years. It will take some time to build ( a strong base/foundation) = which is a (a)(b)(c)(d)(e) (Red) Triangle before a big “rally”..
Topglove hitting major resistance @ 233 fibo ema with head and shoulder pattern.
Topglove probably will have “deep pullback” toward 0.725 +/- where there is a major demand Zone PLUS/+ wave 2 (yellow) is a running flat pattern = abc ( green circled).
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+/-
Topglove is forming a bullish triangle pattern abcde ( Red Circled).
Haven't seen a Bursa stock in a long time, top gloves share price since the end of 2020 It started to fall after my peak and so far it's down about 90%, The downside is unacceptable, but it is what it is When a bear trend is in progress, no matter who is long or short There is no way to know when the bottom is, only technical analysis can tell When is the...
Updated View On Top Glove (12 Jan 2023) Follow our last analysis in 29 Jan 2021? I hope you did, Now, we are seeing a possible start of the healthly Uptrend? using $0.50 as a base. We may see $1 or $1.255 region again. Let's find out. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal...
We posted a pause of price fall on 17th Nov & waiting for rebound signals shows from big boys transaction data. on 22nd Nov, stock prices are obviously maintained higher price at the 2nd half of the trading session. Although high volumes are created earlier in the morning indicating selling pressure, but the stock price didn't go down further. This shows a good...
on 17th Nov 5 mins charts shows high volume with price maintained the same price level when is near to the end of the day. This shows the sign of the price is bottoming soon. But continue to monitor for any sign of big boys' intention to mark the price higher later. Take note : this shows the sign of short term price pause, any long term or mid term rebound...
For studies purpose only. Topglove possible next 1 years plus roadmaps..
A recent price hike in TOPGLOV gives confidence to many long term holder on a rebound. However, for anyone who are looking for average up their position or try to catch the price up might want to hold on to it first. Because the price movement shows signs of big boys getting ready to cash out fraction of their shares. (Same price & volume action we mentioned in...
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...
*refer to the image link* Today HARTA is trading with high volume at the high price in the morning, while price is not marking higher. This indicates the big boys have no intention to mark the price higher & a price retracement is on the way. High volume price down happens around 11:40 & 12:15 shows the selling pressure is in. We see a few glove makers are...
This chart shown the average price ( index) of 4 major gloves manufacturers in the world which are Topglove, Hartalega, Kossan and Supermx where they “contribute “ almost half of the world’s gloves market. As said trend is our friends but without “volume” in stock market there is no trend. The “shifting” polarity of bull trend to bear trend all cause by “panic”...
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 “...