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.
Oct 30, 18 06:35 AM
As we close out the month of October 2018, what is in store for us? Let us take a look at the charts and see what they might be telling us.
Oct 26, 18 10:47 AM
Technical analysis of US stock market for Friday October 26 2018.
Oct 26, 18 06:23 AM
With the recent crash and sell off one wonders how far Dow Jones can fall. Let us take a look at what the chart is telling us on the possibility of Dow's collapse.
Aug 16, 18 07:28 AM
In this lesson, we will learn how and why BMY manage to bottom out and start a new uptrend.
Aug 14, 18 08:19 AM
In this lesson we will learn and examine why Pentamaster was able to recover all of its losses to start a new uptrend and achieve new highs.