Technical Analysis Mar 2012: TOPGLOVE (7113)

TOP GLOVE CORPORATION BERHAD

Observation from chart:

TOPGLOVE is forming lower high & lower low.

The downtrend is confirmed, how low will it go?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K trigger BUY call, pending confirmation.

Immediate resistance RM4.66 level.
Immediate support would be RM4.48 level.

Let's watch closely...