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...
Monday, March 24, 2014
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