Monday, March 24, 2014

Technical Analysis Mar 2014: TOPGLOVE (7113)

TOP GLOVE CORPORATION BERHAD Observation from chart:

TOPGLOVE hugging bolinger lower band go lower low.

How low will it go?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on SELL call itinerary.

High potential it might retrace down to RM4.62 support level.
Due to oversold, it might be technical rebound soon.
Immediate resistance @ RM5.00 level.

Let's watch closely...


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