Topglove probably will have “deep pullback” toward 0.725 +/- where there is a major demand Zone PLUS/+ wave 2 (yellow) is a running flat pattern = abc ( green circled).
Topglove’s Price will be trending up to 3.78 +/-.( a potential of 320% growth from current price).. Slightly “exceeding” the inducement/ stop hunting zone. (3.00)..Where FOMO ( fear or missing out) investors/traders will “stuck” again due to a “deep pullback “ of -50% toward 1.69+/-
How to “spot” “Demand Zone” in any charts in any time frame with “naked eyes” without any indicators? An “AngPow/ free Gift” for you all after CNY. In this case I’m using topglov as example. Look for Group of 3 continuous bar, where bar 2 must be the biggest bar compare bar 1, 2 PLUS there must be a “gap” ( as shown on this white rectangle ) within the high of...
Haven't seen a Bursa stock in a long time, top gloves share price since the end of 2020
It started to fall after my peak and so far it's down about 90%,
The downside is unacceptable, but it is what it is
When a bear trend is in progress, no matter who is long or short
There is no way to know when the bottom is, only technical analysis can tell
When is the...
Updated View On Top Glove (12 Jan 2023)
Follow our last analysis in 29 Jan 2021?
I hope you did,
Now, we are seeing a possible start of the healthly Uptrend? using $0.50 as a base.
We may see $1 or $1.255 region again.
Let's find out.
DYODD, all the best and read the disclaimer too.
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Thank You!
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we can see in weekly TF.. it's been a long time since the price went up to touch the ema50.. I think it's time for the price to go up to touch the ema50 weekly time frame
We posted a pause of price fall on 17th Nov & waiting for rebound signals shows from big boys transaction data.
on 22nd Nov, stock prices are obviously maintained higher price at the 2nd half of the trading session. Although high volumes are created earlier in the morning indicating selling pressure, but the stock price didn't go down further. This shows a good...
on 17th Nov 5 mins charts shows high volume with price maintained the same price level when is near to the end of the day.
This shows the sign of the price is bottoming soon. But continue to monitor for any sign of big boys' intention to mark the price higher later.
Take note : this shows the sign of short term price pause, any long term or mid term rebound...
A recent price hike in TOPGLOV gives confidence to many long term holder on a rebound.
However, for anyone who are looking for average up their position or try to catch the price up might want to hold on to it first. Because the price movement shows signs of big boys getting ready to cash out fraction of their shares. (Same price & volume action we mentioned in...
So..JP Morgan “emphasize” again that glove’s industries will ONLY “fully” recover after 2026. But it doesn’t meant Mr. Glove can’t achieve his “Climax/ A.T.H ( All Time high) again after already “dropping his pants” so low. It just take “more time” to achieve “ Climax”..
Topglove probably @ its “temporary top” after surging up (38.02%) from last posted ideas. Many traders/investors might feel “the urge” as FOMO ( fear of missing out) “ the boat “..BUT its price might retrace -20.99% to around 0.640 { a confluence zone of 1) Demand Zone 2) lower trendline support of channel 3) Volume Profile’s P.O.C }..while waiting for FED rate...
The candlestick pattern indicates rising candlesticks methods, hence, a bullish continuation candlestick pattern that occurs in an uptrend towards the next price resistance. Backed by high-volume support the price continuous movement.
RSI indicates a fresh buying interest in the stock hence the oscillator graph above indexes 50. Thus confirming the price...
