A technical analysis view on Top Glove analyzing the trend and price action.
After running up quite a lot, this stock looks a bit toppy. I don't really like the fact that it has drop below the 50 MA which is usually not something that you want to see in a strong uptrending stock.
Whether this stock is just consolidating or topping we do not know yet but one hint is to watch the support area. If this stock drops below the support area then we can prepare for the start of a downtrend.
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