Weak momentum
Topglove is still unable to break ATH on Aug, followed with a formation of lower low on 10 Sept. There was a bearish momentum developed on MACD histogram since last Oct followed by two consecutive days close below MA50. Hence our view is still Bearish.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.