RHB Retail Research
Technical Analysis - Top Glove Corporation
Top Glove Corporation may rebound higher after it continued holding above the MYR5.50 support. As the stock rose above the 55-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR5.50 level, with an exit set below the MYR5.50 threshold. Towards the upside, the near term resistance is at MYR6.00. This is followed by the MYR6.36 level.
Source: RHB Securities Research - 13 Dec 2018
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