TOPGLOV: Potential breakdown from Rising Wedge

٢٦ أبريل ٢٠٢١

Potential false breakout to 5.87 before breaking down from rising wedge

٦ مايو ٢٠٢١

تم فتح الصفقة

As expected, Top Glove tried to break out of rising wedge but failed and fell back into the wedge. Breakdown from wedge is resulting in a steep fall in share price similar to that experienced in February 2021. Expect share price to drop to around 3.50 support before rebounding.

٦ مايو ٢٠٢١

ملاحظة

Targeting bottom before 9 June 2021.

٧ يونيو ٢٠٢١

ملاحظة

Sell down did not happen before QR release. Potential sell down with QR release on 9 June whereby news of potential ASP peak / decline may emerge.

٩ سبتمبر ٢٠٢١

أغلقت الصفقة: تم الوصول للهدف