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TOPGLOV

Topglove. JP Morgan’s TP May “failed” this time. 1/Oct/22Topglove. JP Morgan’s Projection of RM0.45 probably “failed” this time. As other 3 major player already posing a bullish reversal setup based on Elliott wave and cycle. Just waiting for “confirmation” signal. Topglove price has just broken RM0.605 a “confirmation signal “ +++ Price of weekly Topglove, kossan and monthly Harta has formed a hammer candle/ pin bar bullish pattern possible market “price in” A.S.P ( Average Selling Price) increment lead by Topglove as “catalyst” of the beginning of long term bull trend after long term “correction “ since August/Oct 2020..
MYX:TOPGLOV
by SteveTan
Topglov. JP Morgan Tp of 0.45 May “achievable” 29/Sept/22.Topglove vs Karex ? Apple vs orange? 29/Sept/22.. Topglove as world largest gloves producer . Some “compare” it with world largest condom stock. Karex. As both are the “biggest player” of “rubber”products..One should have the “same fate” of the others. Just 1 question. Does human need “standard SOP/ protocol “ during sex activities.. Or “condom” or “gloves” is a “ must/need” = Can robots now “replace” “hand on” human’s arm in next 20 years?...Gloves or Hi -Tech which is “niche market”? = easy to copy but hard to sustain market ( only sustainable by big player) ? + “Branding”= Does Everyone think about soft drink = Coca Cola , Gloves = Topglov...AND last but least why Coca Cola is “more expensive “ than most “soft drinks”? Why can’t Topglove?
MYX:TOPGLOV
by SteveTan
Topglov. >25% majority can’t decide ASP?! 22/Sept/22Topglove. We’re at the “junction/ intersection “ of 2 median line ( dotted yellow) of 2 major (long term) ascending parallel line ( cyan) + Plus Fibonacci 0.386 lvl which is around RM0.570. Let see whether price could keep above RM0.50 for coming few months. We have 2 “news”. The “Good news” is we might close to complete correction of expanding flat (A)(B)(C). But the “ Bad news” is we might just completed wave (a) of the coming multi years triangle / sideway pattern..
MYX:TOPGLOV
by SteveTan
Top glove. Finding its Ying/Yang force with channel. 14/July/22.Topglove (again). Today I gonna “bullsxxxing” a “myth” about ying ( seller force ) , Yang ( buyer force ) AND neutral force ( median line of parallel channel) again “represented” with parallel channel. P/s Since tradingview “free user” don’t have enough data feed. I have to “superimposed image” by using 3rd party apps to have more “history data” for “whole view” of its chart where it is still publishable in tradingview.
MYX:TOPGLOV
by SteveTan
1
Topglove May <Rm 0.2 BUT maybe RM5-Rm6 first. 15/June/22Disclaimer : All past, current, future analysis are purely for “entertainment, research, studies” purpose only..TOPGLOVE. after “reviewing “ its price’s structure the initial expanding abc ( yellow) waves pattern idea which might “finished “ its “bearish correction “ most likely won’t happen. The current downward price movement from all time high look more like an downward impulsive 5 waves which is wave A ( Red Circled).. So..so.. there is a high “possibility” that Topglove will have another “deeper” leg down which is wave C ( Red Circled) where Price could ONLY “complete “ its “long term” correction probably @ around RM0.185. !!!!!??? BUT..but wave B ( Red Circled ) could “retrace” “ up to” around RM5.50 - RM6 which is Fibonacci 0.618 and Volume Profile POC....
MYX:TOPGLOV
by SteveTan
Topglove . Why “bottom” reversal? 21/Mar/22Topglove most likely won’t reach Rm1.60 as “projected target price” by some “Big Institutions”. Rm1.650 bottom most likely would be “bottom” for many years ahead..as mentioned on larger time frame chart on previous ideas. Here we checkout from smaller time chart. We have seen Topglove forming a triangle patter “ABCD” ( yellow) on its chart. Where triangle mostly happen on last correction in wave 4. ...Plus++ we have a deeper pullback than wave b (yellow) now.. confirmed a long term reversal from its last leg down of last subwaves abc (yellow)
MYX:TOPGLOV
by SteveTan