TopgloveElliot's wave theory: Wave 4 should end when the gap is filled around RM23, then we will see wavee 5 coming. Investors must make sure they sell at the peak of wave 5 and buy back lower during corrections. by ShawnLoong1
Topglov, was it the top Fibo line?Still can go higher? May be higher risk instead. If you are so keen to enter, may be just wait for hot money come back again. If you like my chart, just give me a LIKE, follow me and share it to your friend. :) Feel free to leave your comment, i will try my best to reply you. Disclaimer: 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. If you making money from my stock review, just donate portion to charity.by JeremyTee_ws6
TOPGLOV 1/8/2020Riding on the healthcare demand theme, topglov's share price has risen significantly in the past few months. While many are doubting the sustainability of the valuation and the continuous rally, investors/operator interest in glove counters seemed to be unfazed, with new highs charted almost every week. Chart and indicator wise, it seems like topglove is consolidating and inching upwards with an oversold RSI in the 1 hour chart. Based on the indicator, it seems like its a good entry now. i am still optimistic about this counter and believe it may chart higher highs in the future because 1) Health care product demand continue to surge 2) Most 2nd and 3rd tier healthcare counters across the world just had a rally 3) Results are expected to be spectacular due to its sheer production capacity and product mix compared to others 4) Share Split proposal Hartalega QR will be out this week. If history will repeat itself, we will likely to see a sharp correction in the glove sector after the publication of Harta's quarterly report, just like the last one. This is only my observation, lets revisit next week and see if it happens. EP: RM24-RM25 TP: RM30-RM31 CL: RM22-RM23Longby jasontkjUpdated 5
TOPGLOVFOR STUDY PURPOSE ONLY TRADE AT YOUR RSIK AND JUDGEMENT MYX:TOPGLOV AUG - JUL 2020by mohd_badrul8
TOPGLOV looks toppy TD sequential 9 13 9 registered yesterday. Profit taking into consolidation at 24 area. Bullish momentum continues if 24/23 area supports. Bearish only if closing under 21 MA line. Higher prices expected due to several reasons (short selling banned, moratorium extended, OPR rate expected to be reduced, heavy momentum, etc). by UnknownUnicorn25889216
Trend Analysis Trend Analysis based on Rate of Change technical indicator : Bearish Divergence.Shortby Yang3587
TOPGLOV - RSI Bearish Divergence RemainsTOPGLOV Rst: 25.48 Spp: 22.32 Facing strong rejection at Fibo Ext 261.8%, careful there's gap created on today's move, which can be filled up anytime, RSI bearish divergence yet to neutralise.by HTB_Club5
Signs for bearish rotation starting to formagainst a very strong bullish sentiment amid the ongoing pandemic which has no signs of stopping yet, does this double top formation on the daily timeframe will hold itself? Overbought RSI showing lower high compare to the first top in the price action chart.Shortby RamdzanY115
The Problems With Retail Traders/Most PeopleI always tell people, if you don't understand how market works, DO NOT EVER touch the financial market. Yes, it is easy to open brokerage account and trade stocks, but how many people know and understand how to do it. I have tried to educate people, but to my dismay, only 1% of my targeted audience are really serious in learning how to trade and invest properly, the rest are there just to play around and thinking that they can become rich easily. And so, I have lost hope in humanity and in most people. They can reach financial freedom if they try to learn how to trade and invest properly, but most of them WILL NEVER reach financial freedom because of their attitude. Therefore, the status quo will remain. Topglove is now the third largest company in the Malaysian stock market, bigger than Tenaga Nasional. For sure, now the price has gone far ahead of Fundamentals. Yes, this is a good company, great company with good dividends. But market never works that way. Sometime in the future the market will PUNISH people. And for those retail traders who FOMOed in and who thinks that they can get rich by buying shares in glove markers, get ready for the day of reckoning and get ready for the slaughtering. The party will not last forever. I have many of my friends who never invested in stocks who and those who have not trade stock for longtime suddenly came RUNNING to me asking me if it is good time to buy Topglove and glove shares. This is one of many sign that we are almost close to the peak in the glove makers. Maybe they can go up more, maybe Top Glove can be number one market cap stock in Bursa Malaysia. Maybe it can reach 200 Billion Ringgit market cap. I don't care. From risk management perspective, it is no longer something that is viable and something where I want to put majority of my capital on. It's time to take profit. it's time to reduce profit. And I told all of these people to just ignore the market, don't ever to try to chase a rally when you don't understand. The smart people or trader knows when to buy and when to sell, you always have the opportunities to buy breakout or dips, but chasing blindly is never a wise strategy. But again, parabolic move and bubble always happen, the easy way to make money is to buy early enough when the trend is shifting and when the breakout is just happening and to try to ride it out as much as possible. And to warn people not to chase the rally. Everything else, nothing much we can do. Securities Commission and Bursa Malaysia, its your responbility to educate the masses, not to encourage speculation. But I doubt they care. They are only for money. Regards. Don't message or comments, I don't read them. Educationby UnknownUnicorn7354184421
TOPGLOV Hourly Chart Analysis on 12 July 2020TOPGLOV 1 Hour Chart: 7/12/2020 Support : 19.30 , 20.96 Resistance : Similar average volume with mid-end June but slightly higher. Momentum mostly maintained on positive side since 29-Jun. Currently it is above support uptrend line (white dotted line) At least hold on 20.96 or 19.30(more conservative) to maintain the current uptrend Based on the uptrend range (yellow line), the next short-term target might be around 23~23.10. You can send a private message or leave a comment if you are interested with the indicators shown. MYX:TOPGLOVby ddddcplxx118
Top Glove off the charts!Seems like Top Glove has created a flag formation, with a mast measuring around about RM10. Based on this, the target for the formation is at roughly RM28, which is currently off the chart. Some research houses have pegged TP based on fundamentals at RM25, so, maybe we'll see this happening in the near future.Longby amehase5
Top Glove Corporation Bhd| 16.55 Harga Jitu| 29th June 2020Siapa yang tidak kenal akan syarikat Top Glove Corporation Bhd? Syarikat yang menjadi antara pembuat utama sarung tangan ketika pandemik lalu dan hingga kini. Di yakini harga saham mereka telah menampakkan pengukuhan yang ketara pada carta harian. Kalau korang tengok pada carta, kita dapati permintaan telah memiliki sedikit kelebihan dengan melakukan kenaikan satu-dua lekuk ke atas. Lekukan lekukan itulah yang korang harus tengok sebanyak jelas ketara 2x. Saya menganggarkan pasaran harga akan membuat sell off pada harga 16.55. Jadi kalau harga 16.55 boleh dikatakan untuk mengambil keuntungan kehadapan lah. Ramai di antara rakan2 saya yang bekerja di bank Maybank masuk trade utk Top Glove. Sekarang ni kan permintaan tinggi utk barangan getah dan produk2 medical bagi sarung tangan. Bukan sahaja dalam negara, malah Top Glove import taw ke negara2 jiran yang memerlukan sarung tangan untuk kegunaan perubatan. Tak hairanlah harga mencanak naik saham Top Glove! Ada orang tanya bilakah saya boleh membeli saham Top Glove ini kerana saya dah terlambat.. Esok. 30th June 2020. Korang dah boleh beli bila market open. Jika ada pertanyaan tentang Top Glove atau pasaran market lain, bolehlah subscribe ke channel saya dengan bayaran tunjuk ajar selama 1 tahun. So korang boleh lah selama 1 tahun utk rolling balik modal yang korang subscribe ke channel saya. 1 tahun takkan lah tak boleh dpt profit balik,kan? Jadi, fikir bijak. Kita lakukan analisis secara berkumpulan dan berkonvoi. Jom sertai sekarang! Yang Benar, Zezu Zaza 2048Longby Zezu_Zaza3
TOPGLOV Hourly Chart Analysis on 28 June 2020TOPGLOV 1 Hour Chart::heart: 6/21/2020 Support : 13.52 , 14.00 Resistance : 15.44 , 16.38 TOPGLOV rebound only hit at the lower bound of white arrow gap formed on early Jun which area around 15.44 can be set as another resistance region. With broken support line 1 and negative momentum formed since 25 Jun, 14.5-14.6 could be met easily with 14 as the strong support for next week. You are welcome to join our FREE public discussion channel to obtain valuable information by looking at our description. MYX:TOPGLOVby ddddcplxx5
Topglov 19/6/2020 by Newbie Trading Channeltopglov 19/6/2020 solid green candle formation here , today close at high 15.400 , today low 14.020 can be a support , similarly to other glove sectors, daily candle's high need to be pierced through in order to strike forward and the candle's low as the support.by NewbieTradingChannel8