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TOPGLOV

TOPGLOV possible on last leg of correction. 8/Feb/22TOPGLOVE. I've look back topglove's price structure, there is a high probability that it has just completed its wave E (Yellow circled) of a triangle pattern which happen most of the on wave 4 where most of the time the last waves of "correction" . That meant also TOPGLOV might on its last waves down toward around 1.600 before major "BULLISH REVERSAL! " probably just right after or before the 9 March 20222 1st Quarter Earning Report Announcement.
MYX:TOPGLOV
by SteveTan
TOPGLOV target hit as previously expected (Told you so)MYX:TOPGLOV has hit my second expected target of RM2.00 yesterday. First target RM2.30 and was spot on achieved in early November 2021. I started following this name since November 22, 2020 and has been posting numerous posts and warnings of it coming down. Yet I get laughed at with people saying how can a profitable company fall to RM2 from a whopping RM7+ after bonus issue? Well, look at how it fell. To me, whether the company is profitable or not, it doesn't really matter, because prices are moved by supply and demand. It doesn't matter at all if its a profitable company or not, fact is it is sliding down, the actual question you should ask is what are you going to do about it given that it is sliding down. Not sit there and continue to be in denial hoping it will make a comeback and continue to gather all possible news to support your bagholding. That's living in denial. Hope we learn a lesson from this. Expecting it to hover around RM1.80-RM2.00 for now. Wil definitely not buy this.
MYX:TOPGLOVShort
by Richkierich
TOPGLOV. TD Setup ( Timing System Used By George Soros).22/11/21TOPGLOVE weekly Price is on last waiting to closed weekly bar of TD ( Tom Demark) Countdown 13 ( Red)( Maybe at around RM2.15)... TD ( Sequential and Count Down ) .. A "Timing System) Trading System Used By George Soros, Paul Tudor Jones etc...The following paragraph ... used to be written in Wikipedia but now taken down....<<< Their creator, Tom DeMark, has served as consultant to such revered money managers as George Soros, Paul Tudor Jones, and Steven A. Cohen.">>>
MYX:TOPGLOV
by SteveTan
2
Told you so (TOPGLOV chart updates)Following up with my earlier post, MYX:TOPGLOV is moving as expected towards the RM2.30 area first, with some possible support at RM2.00-RM1.80 region. Just would like to highlight that the "Dollar-cost-averaging" method only works with uptrending stocks. When you encounter stocks that are in an underlying downtrend, implementing the averaging down method will only cause more hurt than gain. P/S: I do not rely on income statements, balance sheets or market news. In my opinion, the information the charts present is sufficient to easily tell the probabilities of the stock moving in which direction.
MYX:TOPGLOVShort
by Richkierich
TOPGLOV's Wyckoff Analysis with Volume Profile + VSA. 3/Nov/21TOPGLOVE's stock price "Finally" reached RM2.50.. A "very critical support zone"... Where this "zone" are : - 1) Weekly Up Trend Line ( Cyan Dashed) support 2) Weekly & Monthly Demand Zone 3) Zone of lower support @ parallel channel (red).. AND From Volume Profile's POC @ around RM2.70.. we "see" lot of buyer either from institutional or retail were buying in That "matched" what Wyckoff's "Universal" Market Structure in "Accumulation Phase"...
MYX:TOPGLOV
by SteveTan
2
TOPGLOV. Why 2.50? Not Maybank 1.80?! 23/9/21Why TOPGLOVE's RM2.50 price is the "MOST CRITICAL SUPPORT"?! It doesn't matter "Everyone" got to know RM2.50 is the BEST "OFFER SALE PRICE" It's "No secret"..Because even it's "disclosed secret" .. Still lot of traders won't believe it ...Show your chart Why Maybank Projected RM1.80 is "reasonable" .. "TRADE WHAT WE SEE.. NOT WHAT WE EXPECTED" ...What I "See" RM2.50 are the confluence of 1) Weekly Demand Zone 2) Monthly Demand Zone 3)Weekly Uptrend Line (Cyan/Ligh Blue)..Support 4)Lowe Channel Line (Red) Support 5)Wedge Pattern Lower Line Support (cyan/light blue).. etc.. What else can we "see"?
MYX:TOPGLOV
by SteveTan
TopGlove.How do we "confirmed" trend reversal with Elliott Wave?How Do we enter Buy and Confirmed the trend reversal of TopGlove or any trading instrument? .. The "one" and most critical level we must confirm and checkout is "where" is the "location" of the last wave "b" of the last swing low/high?!.. As TopGlove chart above. the last "b" wave of the last swing low is probably the "yellow circled"- B....The "last b" wave of wave v (cyan/light blue)..Where wave v (cyan/light blue) the last wave of wave (c)(Red) and wave (c)(Red) is the last leg of wave z (Green Circle) of the triple zigzag wave wxyxz (Green Circled).. And wave z (Green Circled) is the "LAST LEG!!!" of wave 4!! (Yellow) So.. To confirmed the trend reversal of all down trend wave. Price need to break the high of wave B (yellow circled)! which is RM3.080 !!! BUT... Topglov price seem like forming double bottom on lower time frame chart. E.g 1h , 15 minute chart!! Without "kissing" the RM2.50 "benchmark" of major "Demand Zone".. We'll see how "cunning" institutional players is!!!
MYX:TOPGLOV
by SteveTan
2
TOPGLOV's 2.50 is a call "to" Sell"? or "For" Sale"!? 21/9/21A Prominent Fundamentalist have called TOPGLOV price for RM3.50 and RM2.80 in "Excel" format on TopGlove Website. Is This a call to "Sell" OR..For "Super Sales"?! .. RM2.50 ="Super Bargain Sale Price" could come much earlier in this few days than expected.. Where RM2.50 Got lot of "Bargain Hunter":--- 1)"Cyan Rectangle Box""Demand" Buyer 2) Lower Parallel Channel (Red) (Buyers) 3) Up Trend Line (Blue Dashed Line ) Buyers...4) A Fixed monthly "Cycle Buyers" (below cyan time cycle)
MYX:TOPGLOV
by SteveTan