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)
BVA trade ideas
TOPGLOV may break 9.765 if with expanding flat pattern. 18/9/21TOPGLOV price could break all time high at RM9.765 as there is a based on "just 3 of the possibilities" :
1) Price of KLCI could break all time toward around 2000. TOPGLOV As a main "contributor" of KLCI index could break all time high as well.
2) Current TopGlov Price Cycle Analysis showing it's start moving up till 1st quarter of next year
3) TOPGLOV current wave structure have high probability to form an ABC (Red Circled) "Expanding Flat Pattern" .. which happened most of the time in wave b (Green)
TOPGLOV - Follow up, further downside expectedFollowing up from my Nov 22, 2020 post, prices have trended significantly lower from then RM7.29 to close at RM3.72 today.
While prices seem to be temporary supported at the RM3.68 area, it is good to note that if this area gets broken on the downside, steep slide will be expected.
Good luck. Next area of support RM2.30.
TOPGLOV May Drop to 2.50. BUT 5.80 First. 14/9/21TOPGLOV Stock price may drop until around RM2.50 where there is a confluence zone of 1) Major Monthly Demand Zone 2) A Long Term Up Trend Line Support ( Cyan/Light Blue Dashed Line) ..BUT... Price most likely will complete wave A (Red Circled) at around RM3.20 AND start trending up for wave B (Red Circled) till around RM5.80 where is confluence zone of 1) Next Major Supply Zone 2) Fibonacci 38.2% downtrend pullback from history high
TOPGLOV most likely last leg down to around 3.40.. 30/8/21Congratulation for those still holding TOPGLOV stock!!... TOPGLOV as 1 of the 30 "Blue Chips" stocks comprising KLCI index which has turned into Bullish Sentiment. What could be the next move of TOPGLOV , HARTA AND KOSSAN ?...All 3's which making the "major contribution" to KLCI index.. Checking from TOPGOV's intraday price structure.. TOPGLOV most likely on its final leg down to complete its triple zig zag ( WXYXZ) (red circled) AND Wedge pattern where Bullish sentiment will be "on" at around RM3.400 at 1) Major Weekly Demand Zone 2)Weekly 233 EMA lines..
TOPGLOV can we can grab the "Auction Price" of Rm3.50 "easily"?!Whoever read "Fundamental News" knew That JP Morgan "Fair Price" for TopGlove is Rm 3.50.. Do we think that Mr. Market would help us making our bank account fatter easily by grabbing Rm3.50?! Probably Nope! It will "torture" us, testing the limits of our patience!!! Until we lost "our own belief"!
TOPGLOV wedge pattern probably not done yet. 20/6/21TOPGLOV price might be forming a wedge pattern which is probably at its last phase of completion also developing as a triple zig zag wave pattern W,X,Y,X,Z( Red Circled ).. the Z wave probably will be reaching at around RM3.50 ( As what JP Morgan Predicted )..which is 1) the lower trend line of the wedge pattern and also 2) the weekly 200 EMA Support line 3)The Next Major Support/Demand Zone