RHB Retail Research
Trading Stocks - Top Glove Corporation
Top Glove Corp formed a long white candle, indicating that the momentum of buying could be strong. In view that the 21-day SMA line will likely begin turning upwards, this is a positive sign. An upbeat bias may emerge above the MYR5.90 level, with an exit set below the MYR5.60 mark. Towards the upside, the immediate resistance is at the MYR6.50 level, followed by the MYR7.00 threshold.
Source: RHB Securities Research - 9 Mar 2020
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