Thursday, June 16, 2011

Technical Analysis June 2011: TOPGLOVE (7113)




TOP GLOVE CORPORATION BERHAD

Observation from chart:

Since 20 May 2011, TOPGLOVE trade above MA100 support level.

It do forming bolinger band squeeze which trade within RM5.00 to RM5.40 level.

RM5.40 may define as strong resistant level (Attempt 3X but unable break through)

How about this round? Will it break through OR further consolidate?

It will rely on third quarter financial results for the period ended 31 May 2011 which will be announce on Friday, 17 June 2011

Let watch closely...




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

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