RHB Retail Research
Trading Stocks - Top Glove
Top Glove Corp may climb higher after posting a white candle and hitting its new 52-week high. This can be viewed as a continuation of the bulls extending the buying momentum from 22 Jan’s upside gap. A positive bias may emerge above the MYR5.46 level, with an exit set below the MYR5.16 mark. Towards the upside, the immediate resistance is at the MYR6.00 level, followed by the MYR6.50 threshold.
Source: RHB Securities Research - 28 Jan 2020
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