RHB Retail Research
Technical Analysis - Top Glove Corporation
Top Glove Corporation
Top Glove Corporation was testing the MYR10.80 level in its latest session. A bullish bias may be present above this point with a target price of MYR11.50, followed by MYR12.00. The stock may take a breather if it cannot breach above the MYR10.80 threshold in the near term. Support may be found at MYR9.73, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 6 Jun 2018
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