TOPGLOV next actWith the approaching QR, it could either go up to an all time high, or a rejection at resistance will see retest its support.Longby kesh10181
Topglove next TP is RM9.75I can see a reversal trend from downtrend to uptrend due to price maintain above RM6.60 on today (11.9.2020) with high volume. My next TP for swing mid-term is RM9.75 or maybe can go higher a little bit.by HafizsuhailiUpdated 335
TOP GLOVE PRICE ACTION MOVEMENT FORECAST DAILYBuy after price break 8.815, expected resistance 1 9.390, and resistance 2 10.000, stop loss 8.415. by LawrenceWongWBSUpdated 3
Symmetrical Triangle FormationSymmetrical Triangle Formation (Bullish Scenario)Longby rudyjuvilUpdated 1
Topglove Rebound AreasMonitor the Rebound Areas and the Price Action momentum and Support.by ChartExpress-R1
TOPGLOV - Completing Head & Shoulder#TOPGLOV Rst: 8.80 Spp: 7.84 Will see the completion of H&S formation, which means it will retrace further to Fibo Ext 100% or MA50 trendline.Longby HTB_Club113
TOPGLOV MENGGANAS ?Sign of bearish ABCD appeared using fibo retracement 2.0 which the price may be hit up, up to the maximum level of 2.0 fibo retracement. The market now is uptrending, does vaccine will affect their price ? Tayor....Longby zhafrihandsome4
TOPGLOVE - can it still go higher?Hi, I'm looking for a short term rally on this counter, based on this VSA formation Bar 1 - Ultra high volume down bar, indicating there were smart money buying and supporting the price at this level Bar 2 - retest of the area of bar 1, now with lover volume Price moves above the high of bar 1, and we saw at bar 3 price re-test the area of bar 1 (where there were a lot of buying before) with lower volumes (No SUPPLY) I'm looking for a short term rally to the recent major high Trade at your own risk, this is not a buy call.Longby Forever_Learner1
TOPGLOV - Elliott Wave Correction before further rise to ATHEver since TOPGLOV recorded new high at RM29.30, gloves counter has experienced a big selloff which rebounded back and created a lower high. Thus, I believe it has created a wave correction and heading to RM20 before flying to another ALL TIME HIGH. :) As you all can see, AmInvestment Bank has downgraded gloves sector. The negative article in Bloomberg which featured comments of a few early investors/reader also added salt to the injury. KOSSAN has delivered record quarterly profit in 2Q recently, not forgetting SUPERMX record profit are not enough to keep the market rising. Perhaps, share price are fully prices are fully valued at the moment. There are many conflicting views emerging like vaccines. It should all come down to earning and nothing else as TOPGLOV next quarter result will be releasing on 17th September 2020. Would that be the moment that gloves counter back to GREEN? by Inandouthunter1
Topglove, double top formingThe 28.515 resistance line need to break this time. Or else thing are not looking good. If you like my chart, just give me a LIKE, follow me and share it to your friend. :) Disclaimer: I am not Investment guru. Every stock analysis are purely for my personal learning and practice purpose. It is not for any buy or sell call to anyone. Everyone are responsible at your own trades.by JeremyTee_ws6
TOPGLOV - Head & Shoulder Formation Inevitable#TOPGLOV Rst: 26.75 Spp: 25.4 Evening doji formation with the plunging of RSI and MACD will induce further pressure for the stock. Forming H&S is inevitable.Shortby HTB_Club5
TopGlove - Break or Bounce ? ----- Weekly chart ----- -Fast Turtle Sell triggered =FiFT positive but OB +ATOM still a BUY. ----- Daily chart ----- - First warning -> Fast Turtle Sell on 10 Aug - Second warning -> Slow Turtle Sell on 12 Aug and FiFT turned -ve. - Third warning -> 12 Aug Gap down remain open. - Broke EMA20 and sloping down. - Bear is closing previous bullish gap up. - FiFT turned -ve, FiFT are also -ve on H4, H1, M30 timeframe.. No sign of reversal YET. + Sign of Hidden Bullish Divergence if TG able to bounce from current support level (23.3 to 23.7) + Still above EMA50 - ATOM sell. ----- Summary ----- Bearish sentiment. TG is at Trendline and Key Fibo Support Levels (23.3 to 23.7). Break these support will expose to next major Support at 21.5 (EMA50) and 19.5. Plan to revisit if FiFT Bar > FiFT MA. by kgiap123Updated 4422
Right place right time Read latest article here A follower from Malaysia wanted my 2cents opinion on this company, Top Glove Corporation Bhd. Here you go : It has risen more than 400% according to the article which I think is a little overbought judging from the parabolic moves it has made thus far. I expect the share price to have a correction to around 22.50. There, we would assess if it rebound upon touching the bullish trend line or break down from it. The latter option seems unlikely since the demand for rubber based products such as gloves, face masks are very much in demand globally. If you want to buy this shares, please be patient and not chase the sky high price. Let the price comes to you which it will, over time. It cannot goes up in a 90 degree angle forever, it has to take a breather somewhere..... Due to its huge market cap now, any up or down more in its share price will affect the performance of KLSE index . This is an important lesson for us as investors. In each crisis, there would be certain sectors in the stock market that would benefit from it. We have seen supermarket and/or ecommerce companies taking off in a big way during the pandemic, work from home software like Zoom, social media companies like FB, gaming firms like Tencents, food delivery companies like Meituan and many more. Another way to look at it are the troubled companies that make good shorting opportunities like Norwegian Cruise Line , Boeing . In a short time frame of a few months, we can actually build a portfolio of 5-6 companies that provide you with 200-400% returns. While not guaranteed, this method allows you to build up your capital base fairly quickly so that you can pile more into your stable , core stocks and ride the trend up. Longby dchua1969Updated 4413
19/9/2020 TOPGLOVE REVIEWTop Glove is back to the 45 degree channel! Red color as support, resistance is NEAR before breaking the new high.by MingYuen1