Top Glove off the charts!Seems like Top Glove has created a flag formation, with a mast measuring around about RM10. Based on this, the target for the formation is at roughly RM28, which is currently off the chart. Some research houses have pegged TP based on fundamentals at RM25, so, maybe we'll see this happening in the near future.
TOPGLOV trade ideas
Top Glove Corporation Bhd| 16.55 Harga Jitu| 29th June 2020Siapa yang tidak kenal akan syarikat Top Glove Corporation Bhd? Syarikat yang menjadi antara pembuat utama sarung tangan ketika pandemik lalu dan hingga kini.
Di yakini harga saham mereka telah menampakkan pengukuhan yang ketara pada carta harian. Kalau korang tengok pada carta, kita dapati permintaan telah
memiliki sedikit kelebihan dengan melakukan kenaikan satu-dua lekuk ke atas.
Lekukan lekukan itulah yang korang harus tengok sebanyak jelas ketara 2x. Saya menganggarkan pasaran harga akan membuat sell off pada harga 16.55. Jadi kalau
harga 16.55 boleh dikatakan untuk mengambil keuntungan kehadapan lah.
Ramai di antara rakan2 saya yang bekerja di bank Maybank masuk trade utk Top Glove. Sekarang ni kan permintaan tinggi utk barangan getah dan produk2 medical
bagi sarung tangan. Bukan sahaja dalam negara, malah Top Glove import taw ke negara2 jiran yang memerlukan sarung tangan untuk kegunaan perubatan.
Tak hairanlah harga mencanak naik saham Top Glove!
Ada orang tanya bilakah saya boleh membeli saham Top Glove ini kerana saya dah terlambat..
Esok. 30th June 2020. Korang dah boleh beli bila market open.
Jika ada pertanyaan tentang Top Glove atau pasaran market lain, bolehlah subscribe ke channel saya dengan bayaran tunjuk ajar selama 1 tahun.
So korang boleh lah selama 1 tahun utk rolling balik modal yang korang subscribe ke channel saya. 1 tahun takkan lah tak boleh dpt profit balik,kan?
Jadi, fikir bijak. Kita lakukan analisis secara berkumpulan dan berkonvoi.
Jom sertai sekarang!
Yang Benar,
Zezu Zaza
2048
TOPGLOV Hourly Chart Analysis on 28 June 2020TOPGLOV 1 Hour Chart::heart:
6/21/2020
Support : 13.52 , 14.00
Resistance : 15.44 , 16.38
TOPGLOV rebound only hit at the lower bound of white arrow gap formed on early Jun which area around 15.44 can be set as another resistance region. With broken support line 1 and negative momentum formed since 25 Jun, 14.5-14.6 could be met easily with 14 as the strong support for next week.
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MYX:TOPGLOV
Topglov 19/6/2020 by Newbie Trading Channeltopglov 19/6/2020 solid green candle formation here , today close at high 15.400 , today low 14.020 can be a support , similarly to other glove sectors, daily candle's high need to be pierced through in order to strike forward and the candle's low as the support.
Glovemaker, still early to tell but now is Defensive mode.Defensive mode is where you locked all your profits that you have made and you wait for that 30-40% pullback to buy and then sell in rebound.
No confirmation that the parabolic move will continue until a decisive breakout above previous all time high.
In this case, it will be better to be cautious, take profit and make the assumption that it is over.
It is too early too tell, we need to wait for few months to see how the price action looks like but this month doesn't seems good for glove makers. Very likely it will be a long consolidation phase before another major move or maybe it is already game over now.
It also depends on global market and how Nasdaq is going to do, I suspect the global market is heading into correction and it will take FEW MONTHS before Nasdaq can break and be above 10000 comfortable. Regardless, we are focusing on the long term trend, not short term noise.
That's the reality, trading and investing is all about PROBABILITIES and RISK MANAGEMENT, not about ego.
P/S: Don't pm me because I don't have time.
Top Glove - Glove Mania - RM 20 in sight and then we will seeAnyone who thinks that they for 100% certainty knows what is going to happen to market is foolish.
Market is about probability and putting things in favour of yourself.
Thanksfully Malaysia is one of the top glove makers in the world, so, we have the chance to make some big money here while foreigners only recourse is to buy Top Glove in Singapore Exchange.
Lessons that I learnt from parabolic moves and advances, you need to ride the thing up and exit only when it is telling us to do so. Yeah, it was a gamble but that's how you can and become rich.
You don't make money from short term moves, you make money from LARGE and BIG moves. There will be corrections here and there. Corrections are just corrections.
Top will be in when it is going parabolic or when it made a major top or double top or triple top.
At the moment, we don't know yet how high this stock or glove makers can go. With some estimates are saying that Top Glove will net in RM 3 Billion in Profit for 2021, putting a conservative P/E of 30, that will give market cap of RM 100 Billion, the biggest company in Malaysia with price of about RM 38-40.
That should be the major top, anything above that is clearly a bubble and then we will see a catastrophic 50-80% corrections. That's how market works.
Regards.
Massive earnings explosion in the coming quarters !The banks are making profits silently... I hate this.. but that's is the reality.
Knowledge is the keys.
Okay, back to the chart. The chart is really a good spike, nice trending and having a new high all times.
If you really need to make a huge profits, then buy this stock. Before the market back to another supports.
Reasons why most people are poor.Why most people in the world are poor?
1. Lack of knowledge and education.
2. Lack of critical thinking.
3. Lack of intuitions.
4. Close-minded.
5. For some people, lack of access or opportunities.
I wonder how many people made 100x from a stock over 20 years? I bet not many.
Nobody told me about finance and investing prior to this. I DISCOVERED all of these stuffs myself and I continue to explore and see what is going on in the trends.
One thing about the finance industry, there is a lot of ass holes in the finance industry. Good luck trying to teach people investing and how to make money. You get threaten by people around you. People who lost money because of themselves, but then they blame you for that.
That's why most smart people and good people in finance don't bother to engage with people and normal people.
It is unfortunate but a sad reality. The only way for someone to achieve financial freedom is for them to explore and discover stuffs. You can't force yourself to be spoon-fed by someone else. Only the one who put efforts will get rewarded, while majority will remain poor and financially enslaved.
Top Glove is the whole number one exporter for Gloves. Regardless of pandemic or not, Top Glove reflects the growing demand in gloves for the past 20 years. Good business with good fundamentals, over the long run, will reward the shareholders tremendously.
That's why I allocate certain portion of my wealth for long term trading/investing whereby the only focus is on the long term trend and not short term.
In this case, Top Glove was in a parabola since its inception, every dips and corrections are a buying opportunities to make some money. Much better than putting cash under mattress.
This is only one stock out of hundreds/thousands stocks globally that has been in parabola despite all the crises.
Only the smart and intelligent people will realize this and continue to make money DESPITE financial crises, while majority will spend too much time listening to Permabear that wants to sell you something.
TOPGLOV - Finally Soften?TOPGLOV
Trend: Retracement
Rst: 6.34
Spp: 6.00
New candle fell from upper BB and RSI bearish divergence starts to impact the stock now. If you want to keep you can make sure the stock can survive at psychological support 6.00, but you have to assume the risk of giving back all your return if the stock breaks back below 6.00
Topglove, Healthcare industry related product. Topglove has been Malaysian's favorite stock counter.
it have a pull back retrace due to the increase of operation cost, supply demand imbalance, slow down of growth...
Technically, it have meet Fibonacci support, with the tight cut loss plan ( below 4.48), is it a worth looking counter for 3rd Quarter 2019?
*Disclaimer - This analysis is NOT a buy call Before you enter any trade in the financial market, it is very important that you have proper trading plan and risk management approaches.