RHB Retail Research
Trading Stocks - Top Glove Corporation
Top Glove may rise higher after it breached above the MYR6.50 threshold. Yesterday’s candle sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. An upbeat bias may emerge above the MYR6.50 level, with an exit set below the MYR6.20 mark. Towards the upside, the immediate resistance is at the MYR7.00 level, followed by the MYR7.50 threshold.
Source: RHB Securities Research - 14 Apr 2020
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