Topglove
Topglove Important Levels are RM 20 and RM 30If Topglove rebounds from here and then it breaks below RM 20, the trend is OVER. Similarly, if Topglove manages to break above RM 30 and sustain, then it is still game on.
I have seen a lot of interest from retail Malaysians and even Singaporeans on this stock. People are speculating whether Topglove can become the biggest stock in Bursa and can overcome DBS marketcap.
Seeing all of these signs, the risk reward ratio in glove stocks are NO LONGER FAVOURABLE to me. I might put some capital to trade in and out but the MAJOR MOVES are over.
The major moves are when Topglove was breaking its all time high this year, before making 400-500% gain, before Careplus made 40x.
Market is always FORWARD LOOKING. When all these investment banks start giving crazy price target, you want to be careful. Yes, these companies are expanding, the demand for gloves are high but vaccine also in development. What will happen after vaccine has discovered, will demand remain high?
These are good companies, good for their dividends etc, but their valuation is not justifiable.
And most people don't understand how whales and smart money control and manipulate the market.
Feeling sorry for all the bagholders that one day will hold the bags. I have told all my acquintances to not touch the stock market if they don't understand it. I have done my part. The rest, I don't care. People are too stupid and greedy and dumb. Maybe they deserve to lose all their money after all.
Don't reach out to me.
Regards.
TOPGLOV 1/8/2020Riding on the healthcare demand theme, topglov's share price has risen significantly in the past few months. While many are doubting the sustainability of the valuation and the continuous rally, investors/operator interest in glove counters seemed to be unfazed, with new highs charted almost every week. Chart and indicator wise, it seems like topglove is consolidating and inching upwards with an oversold RSI in the 1 hour chart. Based on the indicator, it seems like its a good entry now.
i am still optimistic about this counter and believe it may chart higher highs in the future because
1) Health care product demand continue to surge
2) Most 2nd and 3rd tier healthcare counters across the world just had a rally
3) Results are expected to be spectacular due to its sheer production capacity and product mix compared to others
4) Share Split proposal
Hartalega QR will be out this week. If history will repeat itself, we will likely to see a sharp correction in the glove sector after the publication of Harta's quarterly report, just like the last one. This is only my observation, lets revisit next week and see if it happens.
EP: RM24-RM25
TP: RM30-RM31
CL: RM22-RM23
TOPGLOV looks toppy
TD sequential 9 13 9 registered yesterday.
Profit taking into consolidation at 24 area.
Bullish momentum continues if 24/23 area supports.
Bearish only if closing under 21 MA line.
Higher prices expected due to several reasons (short selling banned, moratorium extended, OPR rate expected to be reduced, heavy momentum, etc).
Top Glove Corporation Bhd| 16.55 Harga Jitu| 29th June 2020Siapa yang tidak kenal akan syarikat Top Glove Corporation Bhd? Syarikat yang menjadi antara pembuat utama sarung tangan ketika pandemik lalu dan hingga kini.
Di yakini harga saham mereka telah menampakkan pengukuhan yang ketara pada carta harian. Kalau korang tengok pada carta, kita dapati permintaan telah
memiliki sedikit kelebihan dengan melakukan kenaikan satu-dua lekuk ke atas.
Lekukan lekukan itulah yang korang harus tengok sebanyak jelas ketara 2x. Saya menganggarkan pasaran harga akan membuat sell off pada harga 16.55. Jadi kalau
harga 16.55 boleh dikatakan untuk mengambil keuntungan kehadapan lah.
Ramai di antara rakan2 saya yang bekerja di bank Maybank masuk trade utk Top Glove. Sekarang ni kan permintaan tinggi utk barangan getah dan produk2 medical
bagi sarung tangan. Bukan sahaja dalam negara, malah Top Glove import taw ke negara2 jiran yang memerlukan sarung tangan untuk kegunaan perubatan.
Tak hairanlah harga mencanak naik saham Top Glove!
Ada orang tanya bilakah saya boleh membeli saham Top Glove ini kerana saya dah terlambat..
Esok. 30th June 2020. Korang dah boleh beli bila market open.
Jika ada pertanyaan tentang Top Glove atau pasaran market lain, bolehlah subscribe ke channel saya dengan bayaran tunjuk ajar selama 1 tahun.
So korang boleh lah selama 1 tahun utk rolling balik modal yang korang subscribe ke channel saya. 1 tahun takkan lah tak boleh dpt profit balik,kan?
Jadi, fikir bijak. Kita lakukan analisis secara berkumpulan dan berkonvoi.
Jom sertai sekarang!
Yang Benar,
Zezu Zaza
2048
TOPGLOV Hourly Chart Analysis on 28 June 2020TOPGLOV 1 Hour Chart::heart:
6/21/2020
Support : 13.52 , 14.00
Resistance : 15.44 , 16.38
TOPGLOV rebound only hit at the lower bound of white arrow gap formed on early Jun which area around 15.44 can be set as another resistance region. With broken support line 1 and negative momentum formed since 25 Jun, 14.5-14.6 could be met easily with 14 as the strong support for next week.
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MYX:TOPGLOV
TOPGLOVGot a lot of volume and making higher high bullish trend is still intake. More room for upside.
