icapital may decline after closing at its lowest in more than 4 months. A position can be liquidated as long as the stock stays below RM2.28, with supports anticipated at the prior lows of RM2.20 and RM2.10. A close back above RM2.31, however, could restore the upward bias and resistance should come at RM2.40 and RM2.50.
Top Glove’s rebound off the 200-day MAV line may resume if the stock closes above RM5.50. A purchase can be made if this happens, with a close below RM5.40 as a stop-loss. The price target is RM6.10, if it violates the recent high of RM5.80, while failure to break above RM5.50 could likely see the stock trade sideways, with support anticipated at RM5.20 and a stronger one seen at RM4.90.
Source: OSK
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