TOPG (17/11/2020) short term up, long term down
TOPGLOV has been trading on downtrend channel since a month ago.
With support zone of 6.45, it has a strong resistance at 7.65. Stochastic already showing an immediate upward momentum.There is a large gap of 8.0 - 8.5 which could potentially be filled if the price breakout the 7.65 resistance.
EP 7.00
SL 6.455
TP 7.625
RRR 1:1
Apart from successful vaccine trial news, other negative sentiment that could potentially bring the stock further down
EMCO at Top Glove dormitories: 3,550 workers to undergo Covid-19 tests Source TheEdge
TAYOR.
With support zone of 6.45, it has a strong resistance at 7.65. Stochastic already showing an immediate upward momentum.There is a large gap of 8.0 - 8.5 which could potentially be filled if the price breakout the 7.65 resistance.
EP 7.00
SL 6.455
TP 7.625
RRR 1:1
Apart from successful vaccine trial news, other negative sentiment that could potentially bring the stock further down
EMCO at Top Glove dormitories: 3,550 workers to undergo Covid-19 tests Source TheEdge
TAYOR.
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