Top Glove may have found a bottom after forming a “Bullish Engulfing Pattern” yesterday. A purchase can be made above RM5.00, or otherwise on a close above RM5.10, with a close below RM4.84 as a stop-loss. The price target is RM5.80, if the recent high of RM5.50 is broken. A close below RM4.84 should see the stock lower with strong support at RM4.70.
Source: OSK
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