Monday, November 16, 2020

Technical Analysis Nov 2020: TOPGLOVE (Bursa: 7113)


TOP GLOVE CORPORATION BERHAD 

Observation from chart: 

TOPGLOVE trading between RM6.46 & RM9.61 range. 

Will it retest RM6.46 support level? 

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

Immediate support @ RM6.46 level. 
Subsequent support @ RM6.00 psychology level. 

Immediate resistance @ RM7.80 level. 
Subsequent resistance @ RM8.75 level. 

Let's watch closely Disclaimer

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