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TOPGLOV

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 - The Beast is coming back soonTopglov results beat all sell-side consensus. As shown, TopGlov issue is never about fundamentals and earnings. Their problem has been the PR/Corporate image impact due to Covid-19 and the labor issue. After declaring a quarterly dividend, at the current price, the yield is around 2.3%, what's next!? Perhaps, Christmas rally or CNY Ang Pao? HAHAHAA :) Not a buy call, however as a good investor, it is always wise to buy the dip and hold. All the best!
MYX:TOPGLOVLong
by Inandouthunter
10