AmInvest Research Reports
Stocks on Radar - Top Glove Corporation (7113)
AmInvest
Publish date: Fri, 13 Sep 2019, 09:10 AM
AmInvest
0 9,057
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Top Glove Corporation broke past the resistance price of RM4.78 in the latest session. With the momentum indicator RSI above 60%, it may continue to move towards the target price of RM4.97 followed by RM5.08. If it dips below RM4.78, expect a sideway consolidation. In this case, support price is anticipated at RM4.67, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on continuation above RM4.78
Target: RM4.97, RM5.08 (time frame: 3-6 weeks)
Exit: RM4.67
Source: AmInvest Research - 13 Sept 2019
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