Monday, January 4, 2021

Technical Analysis Jan 2021: TOPGLOVE (Bursa: 7113)



TOP GLOVE CORPORATION BERHAD 

Observation from chart: 

TOPGLOVE break FIBO 50% level with volume spike. 

Will it retest FIBO 38.2% support level & form bullish reversal pattern? 

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

Immediate support @ FIBO 38.2% level. 
Subsequent support @ FIBO 23.6% level. 

Immediate resistance @ FIBO 50% level. 
Subsequent resistance @ FIBO 61.8% level. 

Let's watch closely Disclaimer

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