Wednesday, December 1, 2010

Technical Analysis Dec 2010: TOPGLOVE (7113)



TOP GLOVE CORPORATION BERHAD

Observation from chart:

RM5.79 may define as strong resistant level (Attempt 4X but unable break through)

RM5.43 may define as strong support level. (Retest 3X & rebound back)

Now, TOPGLOVE trade above Bolinger Middle Band or 20 days MA. Forming bolinger band squeeze.

Will it break up soon OR future consolidate?

Let watch closely...

Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

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