Top Glove’s rebound should continue if it closes above the 5-day high of RM5.20. A position can be initiated if it happens, with a close below the 3-day low of RM5.10 as stop-loss. A conservative trader may wait until a close above RM5.25 before entering. The price target is RM5.80, with selling also expected at RM5.50. The stock is likely to correct should it close below RM5.10, with supports at RM4.92 and RM4.70.
Source: OSK
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