RHB Retail Research
Technical Analysis - Top Glove Corporation
Top Glove Corporation
Top Glove Corporation’s upward momentum may persist after the stock hit its new 52-week high. With the 21-day SMA line edging upwards, this also implies a positive outlook sentiment. A bullish bias may appear above the MYR10.60 level, with an exit set below the MYR9.90 threshold. Towards the upside, the near-term resistance is at MYR11.50. This is followed by the MYR12.00 level.
Source: RHB Securities Research - 11 Jun 2018
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