Top Glove Corp may rebound further after it tested the MYR4.30 support lately. The latest white candle sent the stock to its 1-month high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR4.50 level, with an exit set below the MYR4.30 threshold. Towards the upside, the near-term resistance is at MYR4.86. This is followed by the MYR5.20 level.
Source: RHB Securities Research - 1 Apr 2019
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Created by rhboskres | Aug 26, 2024