Tuesday, December 27, 2011

Technical Analysis Dec 2011: TOPGLOVE (7113)


TOP GLOVE CORPORATION BERHAD

Observation from chart:

TOPGLOVE is forming higher low & higher high, the uptrend is confirmed.

How high will it go?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K still on BUY call.

Immediate resistance would be RM5.00 psychology level.
Immediate support would be MA200 level.

Let watch closely...

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