Top Glove Corporation may rise higher after recording a higher close vis-a-vis the previous sessions since 11 Oct. This close has sent the stock to its highest close in more than three months, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR11.28 level, with an exit set below the MYR10.00 threshold. Towards the upside, the immediate resistance is at MYR12.48. This is followed by the MYR13.00 level.

Source: RHB Securities Research - 17 Oct 2018