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TOP GLOVE CORPORATION BHDTOP GLOVE CORPORATION BHDTOP GLOVE CORPORATION BHD

TOP GLOVE CORPORATION BHD

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TOPGLOV trade ideas

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
A Divergence Signal!The candlestick indicates a low price momentum compared with the T-2 candlestick with the price closed above the opening price. Hence, the candlestick indicates a divergence signal where high volume momentum; crosses above the MA20 line. MACD and OBV indicators indicate a divergence signal and confirm the price candlestick towards the MA20 line. The price Point of Control (POC) of 0.840 will be a price resistance for today trading. If the price closed above 0.840 or 0.865then it will begin a price uptrend towards the MA20 line as new resistance. To place a bid, use VWAP as a guideline and place the bid below the VWAP line or POC. Let's save TOPGLOV in WL and watch out for significant price movement towards the next price resistance. R 0.840, 0.865 S 0.795
MYX:TOPGLOV
by eskopitehmilo
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
TOPGLOV Analysis(17 March 2022)(My analysis on Daily Timeframe ) -Price breakout the Trendline on Daily timeframe -Current price will retest at Key Level/ Swap zone or maybe breakout -Compression and another price action can be seen at lower timeframe -Clean breakout at 1.985 support area +bullish compression appeared My conclusion:- Theres would be an opportunity if the price break key level/swap zone at 1.985 then if the price action shows a good sign,Need to wait for a price to retest at key level/swap zone 1.985 first then look for a price rejection around the swap zone and need to pay attention how the price approach at swap zone .Dont try to do anything If the price try to retrace at swap zone too fast/A lot of big bear candlestick appeared. The key is we have to look for a price compression appeared first when the current price is otw to approach at swap zone . After that just wait for a price rejection. If the swap zone is valid,my expectation is the price will do a rejection at 2.480 resistance area after the bull run. If my Price expectation 1 is not valid,theres another 2 price expectation that i show at the chart. Slow and steady,dont be greedy. Have a nice day and stay safe everyone! (Sorry my english is bad,i hope after this my english will become better) ''I AM NOT A FINANCIAL ADVISOR,EVERYTHING I SHARE IS JUST MY OPINION''
MYX:TOPGLOV
by CrispyValue
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