RHB Retail Research
Trading Stocks - Top Glove Corporation
Top Glove may rise higher after it climbed above the MYR6.00 threshold. With the 50-day SMA line edging upwards, this implies a positive outlook sentiment. An upbeat bias may emerge above the MYR6.00 level, with an exit set below the MYR5.63 mark. Towards the upside, the immediate resistance is at the MYR6.70 level, followed by the MYR7.00 threshold.
Source: RHB Securities Research - 23 Mar 2020
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