KLSE Stocks Review

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

ChartStory72
Publish date: Mon, 06 Dec 2021, 01:34 PM
ChartStory72
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TopGlov 7113
Warning Analysis
 
Since TG is the leader for all glove stocks, I will use TG's chart to represent all glove stocks. 
 
The recent Omicron news sure spark some interests back towards most glove stocks and many retailers thought that glove may return so that they can live their previous glory or even reduce the losses from before. However, I am here to warn you guys to look at the chart before making any reckless decisions.
 
As my Channel's name states, a chart always tells a different story from the news. Prices are still on a downtrend with NO Clear Indications that prices are switching to uptrend. The recent green candle is just a temporary one and got rejected immediately by a Fibonacci Resistance. In order for an uptrend to be confirmed, multiple downtrend Fibonacci Resistance needed to be broken with a pattern.
 
I am not saying that you shouldn't trade, I am just warning you all to be careful not to be trapped by the bankers again. Always analyze before you enter.
 
Good Luck and stay safe !
 
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In this fast-moving digital world, we get information in a few clicks. 
However, we rarely get first-hand information and more often we get misleading news.
Investing in stocks today is very different from the past, but one thing hasn't changed - to study about a stock before putting money in.
 
A stock chart contains data that is publicly available and accurate by itself. By having certainty in data quality, we can comfortably study charts and make investment judgements.
At Chart Story, we believe stock prices move for a reason. Our objective is to share what we believe.

 

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Discussions
Be the first to like this. Showing 1 of 1 comments

ks55

Simply draw two parallel lines to claim one is the chartist expert. If like that, every Dick, Tom and Harry are experts too. Don't trust the expert, expert once told you Top Glove can reach 30 ringgit!

2021-12-06 13:54

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