Saturday, June 9, 2012

Technical Analysis June 2012: TOPGLOVE (7113)


TOP GLOVE CORPORATION BERHAD

Observation from chart:

TOPGLOVE retest RM4.70 resistance level & retrace down.

What's immediate support?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K trigger SELL call.

High potential it might retrace down retest support level.
Immediate support RM4.50 level.
Subsequent support would be MA20 level.

Let's watch closely...

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