RHB Retail Research
Trading Stocks - Top Glove Corporation
Top Glove formed a long white candle yesterday, indicating that the momentum of buying could be strong. As the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced. A bullish bias may appear above the MYR4.70 level, with an exit set below the MYR4.56 threshold. Towards the upside, the near-term resistance is at MYR5.00. This is followed by the MYR5.21 level.
Source: RHB Securities Research - 15 May 2019
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