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Topglove

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 broke 1.65! Do traders contribute to society? 6/May/22Market Irrationality?! Topglove a cash rich / YOY earning profit stocks Price have broken Rm1.65 previous low! From Rm8.48.. that more than -80%!!! What next?! Look like the next level to build “a base” would be around Rm1.38...So.. what a role could be played be a traders now to based on “supply and demand” “helping” Topglove to have a “fair price”??? People make living in all kinds.. Some are good in talking, some are slow in talking but go deep into detail / analysis..But Society normally praise high those good talker..I have met an uncle who is able to sell a sea dog’s penis ( a myth as a sex boosters) for $1000, with the cost of only $5..Society especially eastern Society Regard Traders as “speculators” dealing with not “touching ground” “tangible assets”..Unlike western society most respect traders as highly sought professional.. ...Conclusion ( from net).. Stock traders improve liquidity in the market by ensuring a fair price for buyers and sellers. This leads to fairer markets where the company shares rise according to the principles of demand and supply. Liquidity in the market invests investment that adds value to the economic growth in society. The stock traders play an indirect role in the circulation of wealth in the social hierarchies essential for efficiency.
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
Cyclical stocks & 5 elements (e.g : Palm Plantation) 22/2/22Today not just "The Sun Calendar" is all 22 BUT Lunar calendar day also 22) = - The Practice of Chinese Core Five Elements Concepts for picking up Cyclical stocks ? Showing here is Malaysia Plantation Index ( Mainly Palm Oil Plantation ) .. It seem like The Index showing "up trend" when entering "Water Element" months of Lunar Calendar? Why?! Water "Growing/Generating" Plants? Show logical?... AND it show "down trend" when entering "Metal Element" months.. I'm puzzling why?! Metal " Carving/ Counteracting" Woods?.. Show logic?..Hmmmm... Then How about "Earth Months".. Look like "side ways/no obvious trend" market.. Why? Plants need to "use/consume" its "energy" to Hold the "earth", Stopping "landslide"?....Hmmmm. How about Glove Stocks?! Either Rubber Tree, or Nitrile, Latex, and Vinyl Gloves under "wood elements" category.. Hmmm.. Look like the next up trend going to be "glove stocks""...
MYX:PLANTATION
by SteveTan
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