TOP GLOVE CORPORATION BHD
Panjang

TOPGLOVE - can it still go higher?

79
Hi,

I'm looking for a short term rally on this counter, based on this VSA formation

Bar 1 - Ultra high volume down bar, indicating there were smart money buying and supporting the price at this level

Bar 2 - retest of the area of bar 1, now with lover volume

Price moves above the high of bar 1, and we saw at bar 3 price re-test the area of bar 1 (where there were a lot of buying before) with lower volumes (No SUPPLY)

I'm looking for a short term rally to the recent major high

Trade at your own risk, this is not a buy call.

Penafian

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