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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