RHB Retail Research
Trading Stocks - Top Glove
Top Glove is attempting to stage a technical rebound. Observe that the stock has been pulling back lately and become oversold. If it crossed above the MYR2.28 immediate resistance, a bullish bias will emerge. The bullish momentum may then drive it towards MYR2.40, followed by MYR2.60. However, this positive expectation will be negated if it falls below the MYR2.16 support.
Source: RHB Securities Research - 25 Nov 2021
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