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TOP GLOVE

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Whats next for TOPGLOV? As we can see, the candles have never been able to close past the 0.625 price point since 7/9/20. If we have a look at the monthly chart, we will see a big bull candle which we can mark as the anchor of the rally, aka dominant/anchor candle. During early January, a bullish engulfing was formed at the 0.635 price point on the weekly timeframe, followed by a retest and rally but the price respected the nearest resistance and we may see another retest on the engulfing zone or breakout to a further bear move. Currently, there is also a potential for a three-drive move towards the next fresh demand zone. Fibo extension levels (261.8) are matched as well for extra confluence. Awaiting further price action.
MYX:TOPGLOVLong
by mhyoung00
EASY123 Prediction @MYX TOPGLOVEPrediction: Invert Head & Shoulder pattern - Bottom reversal (Crossing neckline: Rally when it closed above 6.77) Target Price: R1=7.50-7.80, R2=8.00-8.30, R3=9.30-9.60 Support/Cut Loss: S1=6.00, S2=5.55 Signals: *Candle has turned from Red to Blue color on 29-Jan, an indication of a trend reversal. *Price breaks, stand above and supported by Bull/Bear Divider (Redline) on 29-Jan, an indication of an uptrend reversal. *Power volume (Red bar) appeared on 04 & 29-Jan, an indication of the presence of big players. *Green-upward triangle appeared on 04-Jan, an indication of potential Bottom. *Yellow-dot #3/Blue/Green-dot #2 U-turn entry signal appeared on 08 & 22-Jan. *Disclaimer: This is not a Buy or Sell suggestion but solely sharing the information...Trade at your own risk. *Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively). *Reminder TP & CL is an individual preference & decision. No fixed rule or guideline for it. Signal's Interpretation: ENTRY Signal:- *BT-Yellow-Diamond = Bottom reversal signal. *Green-Upward-Triangle = Potentially a Bottom signal. *Green-Dot = U-Turn entry point signal. *Blue-Candle = Market at Uptrend sentiment. *Candle color changed from RED to BLUE & Candle closed "ABOVE" the Bull/Bear Divider (Redline). EXIST Signal:- *Red-Dot = Potentially a Top signal. *Yellow-Dot = Potentially a Top signal. *Red-Candle = Market at Downtrend sentiment. *Candle color changed from BLUE to RED & Candle closed "BELOW" the Bull/Bear Divider (Redline)
MYX:TOPGLOVLong
by Simply_Is_Beauty
KLSE - Battle of the GlovesWe charted the percentage gain since 1st January 2020 till today for 1st tier glove and 2nd tier glove stocks. We use % scale so we could see how much % it has gained. We also include the healthcare sector RSI 14 to show the sector momentum. We also added few key dates 18/3/2020 MCO1.0 started 1/7/2020 Malaysia covid down to 1 case 9/11/2020 Pfizer claims their vaccine is 90% effective. Since 1-Jan-2020 till its highest price, the highest % gained is HLT-WA with 3077%. Below the list sorted from the most gained. HLTWA 3077% CAREPLS 3065% HLT 1663% SUPERMX 1641% RUBEREX 1447% COMFORT 771% ADVENTA 695% TOPGLOVE 527% HARTA 269% KOSSAN 114% We also checked the Last price on each stock, and check how much is the gap to reach the highest peak again. Here's the list from highest gap SUPERMX 72.30% to ATH TOPGLOVE 37.27% to ATH KOSSAN 117% to ATH HARTA 56.59% to ATH ADVENTA 239% to ATH CAREPLS 121% to ATH COMFORT 124% to ATH RUBEREX 70% to ATH HLT 176% to ATH HLT-WA 107% to ATH We also looked up the fair value in Simply Wall St , here’s the list from top most discounted price CAREPLS - undervalued by 90.7% (FV 26.56), traded at PE x16.4 HLT - undervalued by 89.7% (FV 11.84), traded at PE x97.6 COMFORT - undervalued by 88% (FV 26.07), traded at PE x11.46 RUBEREX- undervalued by 62.1% (FV 4.59), traded at PE x19.14 KOSSAN - undervalued by 61.4% (FV 11.52), traded at PE x18.79 SUPERMX - undervalued by 61.1% (FV 17.47), traded at PE x7.98 HARTA - undervalued by 27% (FV 17.61), traded at PE x23.42 TOPGLOVE - undervalued by 21.2% (FV 8.56), traded at PE x13.37 Hope you will find it useful. Thanks.
MYX:TOPGLOV
by sothye
1
Malaysia Most Short-After Counter - TOPGLOV (7113)Since 04-Jan-2021, Malaysia Big-4 Gloves Counters namely: TOPGLOVE, HARTALEGA, SUPERMAX, KOSSAN, being heavily shorted. 40mil Topglov shares were lended out by EPF under SBL to shorties to short. RSS sold volumes for today from 9:00 am to 5:00 pm: 1) TopGlove 2,442,000 shares 2) Hartalega 265,400 shares 3) SuperMax 264,600 shares 4) Kossan 0 shares The price is supporting at around RM6.200/RM6.000 How long will it take for the shorties to exhaust their 4% quota short amount? And will Topglov share price bounds up when the short position is closed? Or will it plunged to RM3.500 like what JP Morgan had called on the Price Target? Or will it be the next GameStop? Let's wait patiently and watch how would the manipulation be like.
MYX:TOPGLOV
by S_O_N_G
1
Top Glove (Put your Masks On!) Updated View On Top Glove (10 Jan 2021) Did you read our previous analysis of 17 Aug 2020, on the Top Glove? (I will put the link of the prev post below) It went down to $6.5 as expected. Now. Listen. Something BIG happened in 04 Jan 2021. It could be the potential trend changer and the pullback of Oct 2020-Jan 2021 may be over. For the starter, $6.8 will be the nearest resistant and it shall be easily reachable. The $7.5~$7.6 region be next. So, do not short sell for now as the higher price can come in for quite sometime. On the flip side, $5 shall be strong support. Let's see. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
MYX:TOPGLOV
by SonicDeejay
9
TOPGLOV - Good Collection AREA based on FIBONACCI LEVELKUALA LUMPUR (Jan 21): Top Glove Corp Bhd said its annual rubber glove production capacity had reached 91 billion pieces as at January 2021 as demand for gloves continued to be strong despite the availability of vaccines to curb the Covid-19 pandemic. Looking ahead, Top Glove said the targeted annual production capacity of 110 billion pieces of gloves by December 2021 is expected to be achieved via collective output across 39 glove factories, with a combined 885 equivalent single former lines. Collect at your own risk! Stay safe and peace!
MYX:TOPGLOVLong
by Inandouthunter
TOPGLOV - Smart Money Buying?TOPGLOV ( and other glove counters) has been in downtrend for the past 2-3 months. Yesterday 4/1/2021 there was a widespread down bar with ultra-high volume. And the next day price actually gain a bit. Yesterday's volume was actually the highest daily volume since 2018. We can see also that the close of the bar was higher than the low, therefore indicating there was buying at lower price loevel. If we zoom into intraday chart, we could see that the highest volume was at the lower region of the bar. Smart money buy low, and sell high. This ultra high volume down bar might be a selling climax, where smart money was buying while the public are selling. I'm looking forward for the price to rally based on this sign of strength based on VSA analysis principle.
MYX:TOPGLOVLong
by Forever_Learner
Topglove UpdateAs mentioned earlier on Nov 4, Topglov is bearish . The infected workers are now the latest catalyst for expected bearish move. Our next downside target is at 5.5, we will see price action at this level to predict more downside movement to Breakaway Gap (in weekly timeframe) zone at 4.1 to 3.8, or even further at 2.86. 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.
MYX:TOPGLOVShort
by ellynacci
6
Top Glove (To be calm is the highest achievement of the self!)View On Top Glove (17 Aug 2020) Top Glove was a strong bull trend and we believe the main bullish trend is still intact. Now we are experiencing a typical pullback. It can go down $6.5 region or even $5. But overall it is still bullish. Time your entry well.. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
SGX:BVA
by SonicDeejay
2
TOPGLOVE LONG at MOMENTUM BREAKOUTTechnical Analysis I think the right question to ask right now is has Top Gloves rebounded? From chart perspective wise, I believe Top Glove has huge momentum upcoming week, it is going to break above MYR 7.00 We could see further downside pressure if big RSS continues therefore cut loss is important, however i do believed RSS will hugely reduced, and Uptrend will start for all Gloves Sector. Fundamentally Analysis Top Glove FPE after next 2 quarters should be around FPE = 6. MYX:TOPGLOV Top Glove Expected upcoming quarter PAT is expected to reach around 3b PAT. As the pandemic still ongoing, their high Profits margins will remain strong and intact at least for another 6-9 months. For current price and Low PE, the risks-to-rewards is favourable. In all circumstances, there is always hope, lets hope Top Gloves to fly back to where it belongs !
MYX:TOPGLOVLong
by LMTAN