BVA trade ideas
TOPGLOVE: CLOSE THE GAP BEFORE MOVING HIGHER?LET'S THE CHART SPEAK!. IT WAS A HEALTHY RETRACED TO CLOSE THE GAP. MOMENTUM IS EXPECTING TO BE POSITIVE IN THE NEXT COMING DAYS!. BASED ON FIBO RATIO 1:1, MIDTERM TP SHOULD REACH 11.320 IN THE NEXT COMING MONTHS.
P/S: This is my personal view based on technical. Not a buy call signal. Trade at your own risk.
TOPGLOV next actWith the approaching QR, it could either go up to an all time high, or a rejection at resistance will see retest its support.
Topglove next TP is RM9.75I can see a reversal trend from downtrend to uptrend due to price maintain above RM6.60 on today (11.9.2020) with high volume.
My next TP for swing mid-term is RM9.75 or maybe can go higher a little bit.
TOP GLOVE PRICE ACTION MOVEMENT FORECAST DAILYBuy after price break 8.815, expected resistance 1 9.390, and resistance 2 10.000, stop loss 8.415.
TOPGLOV - Completing Head & Shoulder#TOPGLOV
Rst: 8.80
Spp: 7.84
Will see the completion of H&S formation, which means it will retrace further to Fibo Ext 100% or MA50 trendline.
TOPGLOV MENGGANAS ?Sign of bearish ABCD appeared using fibo retracement 2.0 which the price may be hit up, up to the maximum level of 2.0 fibo retracement.
The market now is uptrending, does vaccine will affect their price ?
Tayor....
TOPGLOVE - can it still go higher?Hi,
I'm looking for a short term rally on this counter, based on this VSA formation
Bar 1 - Ultra high volume down bar, indicating there were smart money buying and supporting the price at this level
Bar 2 - retest of the area of bar 1, now with lover volume
Price moves above the high of bar 1, and we saw at bar 3 price re-test the area of bar 1 (where there were a lot of buying before) with lower volumes (No SUPPLY)
I'm looking for a short term rally to the recent major high
Trade at your own risk, this is not a buy call.
TOPGLOV - Elliott Wave Correction before further rise to ATHEver since TOPGLOV recorded new high at RM29.30, gloves counter has experienced a big selloff which rebounded back and created a lower high.
Thus, I believe it has created a wave correction and heading to RM20 before flying to another ALL TIME HIGH. :)
As you all can see, AmInvestment Bank has downgraded gloves sector. The negative article in Bloomberg which featured comments of a few early investors/reader also added salt to the injury.
KOSSAN has delivered record quarterly profit in 2Q recently, not forgetting SUPERMX record profit are not enough to keep the market rising.
Perhaps, share price are fully prices are fully valued at the moment. There are many conflicting views emerging like vaccines.
It should all come down to earning and nothing else as TOPGLOV next quarter result will be releasing on 17th September 2020.
Would that be the moment that gloves counter back to GREEN?
Topglove, double top formingThe 28.515 resistance line need to break this time. Or else thing are not looking good.
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Disclaimer: I am not Investment guru. Every stock analysis are purely for my personal learning and practice purpose.
It is not for any buy or sell call to anyone. Everyone are responsible at your own trades.
