Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Tue, 13 Oct 2015, 09:41 AM


Highlights / Stock Picks of the Day - Top Glove Corporation Bhd ("TOPGLOV”) – Not Rated

Author: kiasutrader   |   Publish date: Tue, 13 Aug 2013, 09:35 AM

Despite the two-month downtrend, we begin to see some signs for a short-term rebound potential on TOPGLOV after the share price  formed a “Long While” candlestick to close at RM6.28 (+20 sen), surging above the downtrend resistance yesterday. Technically speaking, the chart readings are bullish after the share price took out the 20-day, 50-day, and 100-day SMA resistances yesterday coupled with improving key indicators. We believe the strengthening momentum may propel the share price towards RM6.60 and possibly RM7.00 thereafter (with rising volume). On the downside, the immediate support is seen at RM6.10.
Source: Kenanga
Share this

Related Stocks

Chart Stock Name Last Change Volume 
TOPGLOV 8.05 -0.24 (2.90%) 3,457,300 

  Be the first to like this.


407  287  468  685 

Top 10 Active Counters
 FRONTKN 0.215+0.025 
 IRIS 0.26+0.015 
 PRIVA 0.29+0.03 
 AIRASIA 1.45+0.03 
 CAP-WA 0.0150.00 
 XOX 0.16+0.01 
 BORNOIL 0.195+0.045 
 CAP 0.13-0.005 
 NOVAMSC 0.14+0.005 
 ARMADA 0.995-0.025 
Partners & Brokers