Gloves PullbackTopglove still FAT.. However, H4 start showing Fast Turtle Sell. If Topglove cannot stay above 14.1, then next support will be 13.5, 12.8 (opportunity to buy back around this if there's BoD) Shortby kgiap123Updated 5515
Top Glove - Glove Mania - RM 20 in sight and then we will seeAnyone who thinks that they for 100% certainty knows what is going to happen to market is foolish. Market is about probability and putting things in favour of yourself. Thanksfully Malaysia is one of the top glove makers in the world, so, we have the chance to make some big money here while foreigners only recourse is to buy Top Glove in Singapore Exchange. Lessons that I learnt from parabolic moves and advances, you need to ride the thing up and exit only when it is telling us to do so. Yeah, it was a gamble but that's how you can and become rich. You don't make money from short term moves, you make money from LARGE and BIG moves. There will be corrections here and there. Corrections are just corrections. Top will be in when it is going parabolic or when it made a major top or double top or triple top. At the moment, we don't know yet how high this stock or glove makers can go. With some estimates are saying that Top Glove will net in RM 3 Billion in Profit for 2021, putting a conservative P/E of 30, that will give market cap of RM 100 Billion, the biggest company in Malaysia with price of about RM 38-40. That should be the major top, anything above that is clearly a bubble and then we will see a catastrophic 50-80% corrections. That's how market works. Regards.Educationby UnknownUnicorn735418115
Massive earnings explosion in the coming quarters !The banks are making profits silently... I hate this.. but that's is the reality. Knowledge is the keys. Okay, back to the chart. The chart is really a good spike, nice trending and having a new high all times. If you really need to make a huge profits, then buy this stock. Before the market back to another supports. Longby SL-Trades6
Top Glove just begins its melt up phase - Riding This UpTop Glove may go to even RM 20, this thing is going to go crazy. This is capital flow. This is how market works. Follow the smart money. Use Trailing Stop Losses. Get out when it is done and/or cut your profit/losses.Educationby UnknownUnicorn735418448
Reasons why most people are poor.Why most people in the world are poor? 1. Lack of knowledge and education. 2. Lack of critical thinking. 3. Lack of intuitions. 4. Close-minded. 5. For some people, lack of access or opportunities. I wonder how many people made 100x from a stock over 20 years? I bet not many. Nobody told me about finance and investing prior to this. I DISCOVERED all of these stuffs myself and I continue to explore and see what is going on in the trends. One thing about the finance industry, there is a lot of ass holes in the finance industry. Good luck trying to teach people investing and how to make money. You get threaten by people around you. People who lost money because of themselves, but then they blame you for that. That's why most smart people and good people in finance don't bother to engage with people and normal people. It is unfortunate but a sad reality. The only way for someone to achieve financial freedom is for them to explore and discover stuffs. You can't force yourself to be spoon-fed by someone else. Only the one who put efforts will get rewarded, while majority will remain poor and financially enslaved. Top Glove is the whole number one exporter for Gloves. Regardless of pandemic or not, Top Glove reflects the growing demand in gloves for the past 20 years. Good business with good fundamentals, over the long run, will reward the shareholders tremendously. That's why I allocate certain portion of my wealth for long term trading/investing whereby the only focus is on the long term trend and not short term. In this case, Top Glove was in a parabola since its inception, every dips and corrections are a buying opportunities to make some money. Much better than putting cash under mattress. This is only one stock out of hundreds/thousands stocks globally that has been in parabola despite all the crises. Only the smart and intelligent people will realize this and continue to make money DESPITE financial crises, while majority will spend too much time listening to Permabear that wants to sell you something.Educationby UnknownUnicorn735418117
TOP GLOVE CORPORATION BHD (Long)TOP GLOVE CORPORATION BHD Wait for the price to test the below areaLongby TraderRoNNyX6
TOPGLOV - Finally Soften?TOPGLOV Trend: Retracement Rst: 6.34 Spp: 6.00 New candle fell from upper BB and RSI bearish divergence starts to impact the stock now. If you want to keep you can make sure the stock can survive at psychological support 6.00, but you have to assume the risk of giving back all your return if the stock breaks back below 6.00by HTB_Club2
TOPGLOV - Top Performer Of The DayTOPGLOV Trend: Bullish Rst: 6.34 Spp: 6.00 Bullish hammer formed above upper BB with BB now widening, MACD bullish crossover effect will continue to cast upside for the stock.Longby HTB_Club5
TOPGLOVGot a lot of volume and making higher high bullish trend is still intake. More room for upside.Longby SylvesterJ4
top glove breakout get set to continue long term bulltop glove breakout get set to continue long term bullLongby JcLim6
Top Gloveweekly downtrend broken at demand zone (3th touch), fall back to demand zone (4th touch) breakout with engilfing. Attractive RRR. Entry TP1 TP2 SL1 SL2 4.77 5.12 5.80 4.42 4.23 by Albert_84
Topglove, Healthcare industry related product. Topglove has been Malaysian's favorite stock counter. it have a pull back retrace due to the increase of operation cost, supply demand imbalance, slow down of growth... Technically, it have meet Fibonacci support, with the tight cut loss plan ( below 4.48), is it a worth looking counter for 3rd Quarter 2019? *Disclaimer - This analysis is NOT a buy call Before you enter any trade in the financial market, it is very important that you have proper trading plan and risk management approaches.Longby ChinWee113
TOPGLOV (7113) Bullish Trend formation after 5 months.TOPGLOV (7113) Bearish Trend formation since December 2018. Price retrace from RM5.70 to RM4.30 in the month of March 2019. Recent price movement has formed a Bullish Trend formation on TOPGLOV. Price Target at RM5.30 short term. Longby The_3_Lines_Trader_TFM2
Technical Breakout: Top Glove Corporation Berhad (7113)According to the chart, TOPGLOV had a resistance (R1) at 6.10 and a support (S1) at 4.70 before it completed a one year double top pattern on 28 Feb 2019. The completion of a double top signals the price is no longer rallying, and that lower prices are potentially forthcoming. The share broke below the support (S1) at 4.70 and closed at 4.54 with a volume of 16.53mil. Hence, the new support turned resistance is now at 4.70. The downside bias continues until the share trades above the 4.70 level. On the other hand, TOPGLOV also completed one shorter term chart pattern called bearish flag. A bearish flag pattern is constructed by a descending trend or bearish trend, followed by a pause in the trend line or consolidation zone. The bearish flag pattern comes after a strong move downwards. The stronger the move, the bigger the profit potential is. Based on this bearish, the share has an immediate price target (T1) of 4.02. Shortby Hazy3r2
Topglov: Breaking Above All-time HighBased on technical analysis, Topglov could be a trading BUY. If you choose to trade these breakout, please do so with caution given the many headwinds we are facing now. Good luck! by zhenyu3
TOPGLOV - Inclusion in KLCI TOPGLOV managed to closed the big gap formed 3 months ago. Though 5.82 is a strong support formed at the Weekly chart, it might not respect it. We believe 5.55 would be a good entry and there is a strong rumors and reporting that the counter may be included in the index. >> Find us on Twitter. DISCLAIMER This presentation solely meant for information purpose and does not constitute as investment advice. We may or We may not take the trade that we presented. All estimates, projections, forecasts, expressions of opinion and other subjective judgments contained in the presentation are based on assumptions that considered to be reasonable. We are not responsible for any liabilities arising from the result of your market involvement or individual trade activities. Longby nicnyx1Updated 4
TOP GLOVE 7113 is BULLISHAs long as the above levels are holding properly i'm with the BULL, if ever price come to restest those levels a good opportunity to long is there. Trade safe. Longby WengCheeTham4