After bonus issue, TOPGLOVE have been retrace down from RM7.38 to RM5.50.
Will it future retrace down???
From Technical Analysis, RM5.50 is a strong support level.
On 7 May 2010, it was retrace down from RM6.90 till RM5.50 & formed a bullish reversal.
In next 6 trading days, it reach RM6.27 (+ RM0.77)
On 8 Sept 2010, it also touching RM5.50 & formed reversal candelstick. Added, the volume was above average even it was Raya eve (half trading day only)
So, what do you think?
Let watch closely, do not miss the opportunity!
Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
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