RHB Retail Research
Technical Analysis - Top Glove Corporation
Top Glove
Top Glove Corporation was testing the MYR10.50 level in its latest session. A bullish bias may be present above this point with a target price of MYR11.00, followed by MYR12.00. The stock may take a breather if it cannot breach above the MYR10.50 threshold in the coming sessions. Support may be found at MYR8.90, where traders can exit upon a breach to minimise downside risk.
Source: RHB Securities Research - 31 May 2018
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