RHB Retail Research
Technical Analysis - Top Glove Corporation
Top Glove Corporation’s upside move may persist after it continued holding above the rising 21-day SMA line. As the stock marked a higher close vis-à-vis the previous session, this indicates a positive sign. A bullish bias may appear above the MYR5.50 level, with an exit set below the MYR5.00 threshold. Towards the upside, the near-term resistance is at MYR6.00. This is followed by the MYR6.50 level.
Source: RHB Securities Research - 29 Oct 2018
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