KLSE Stocks Review

TOPGLOV ( 7113) The Story behind the Chart of TOP GLOVE CORP BHD

ChartStory72
Publish date: Mon, 12 Jul 2021, 09:31 PM
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TopGlov 7113 
 
I know that there are a few people who are still stuck in Gloves. Hence, this review. 
 
Overall prices are in a downtrend. Notice that prices transition from a strong move down into a slow downtrend after reversing off the Multi Fibonacci Resistance Level? This is called the Trend Transition.
 
Prices touches the balancer last week and executed a small rebound off the balancer. That is when the balancer trying to balance the prices to stay above it, to slow down the downtrend momentum and if the balancer succeeds, we might see a small rebound up towards back the Multi Fibo Resistance Level. 
 
However, if prices fail to rebound at the balancer, the next possible target would be the Rebounding Triangle below.
 
Industry: Healthcare Equipment & Services. 
 
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Discussions
3 people like this. Showing 2 of 2 comments

TheFFAPractitioner

Great analysis

2021-07-14 11:54

TheFFAPractitioner

Accurate. Thanks for the analysis. Managed to sell with profit.

2021-07-15 16:13

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