BVA trade ideas
TOPGLOV: 27th Oct updatesHi traders,
Here is the hourly analysis to give a clear picture what's for tomorrow.
TOPGLOVE DISKAUNCuba cari entry kalau minat sementara diskaun ni.
Beli dekat paras support cantik juga tu... Menarik untuk diperhatikan minggu depan.
TOPGLOVE: Over 10 near term?Hi traders,
As expected, price hit fib 1.272 and retrace back to nearest support 8.88 (previous higher high).
15mins, 30min, 1h chart is oversold (RSI+ MFI) and signaling strong buy signal (at linear regression 4th standard deviation/keltner channel range). It happened very few times on the past.
Last minute closing volume is huge. (IBs buying)
Normally, stronger retracement in short period will follow by a bigger pull back to its zone.
Happy trading!
TOPGLOV - RSI Bearish Divergence & Double TopTOPGLOV
Rst: 9.62
Spp: MA50
Significant sign of weakening, double top formation is charging, immediate support observable right at MA50. Expecting further weakness to spell as both RSI MACD bearish divergence are taking their impact now.
TopGlove Inverse Head and Shoulder ? TOPGLOVE Daily.
TopGlov is obviously move slower as compared to Supermx.
However, TopGlove also just breaking out from Inverse Head and Shoulder pattern with SLOW TURTLE BUY and STRONG VOLUME.
Last 2 RED candles are with relatively lower volume indicating a healthy small pullback.
No Fast Turtle Sell signal be seen so far.
FiFT+ve, ATOM remain as BUY and Banker's Chip above 50%.
Fibo projection 1.618 is around 12 (Round number) and confluence to Heand and Shoulder target measurement...
Fast Turtle sell is below 9.2
{SWC}—— TopGlove Analysis, Pending for actionBias: Neutral
Topglove is still challenging the downtrend line with share consolidation, pending for direction. If is successfully breakout, it will challenge the neckline of RM9.00.
Resistance: 9.00, 9.40
Support: 8. 80, 8.50
Do remember there is some political issue tomorrow.
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{SWC}—— TopGlove, Bullish MomentumBias: Bullish .
Topglove had broken out short term down trend line, presented a tweezer bottom, bullish engulfing formation and continued its momentum. This shows a trend reversal signal.
Momentum Chips (red chips) show a positive signal.
Resistance: 8.80, 9.00
Support: 8.40, 8.00
Do remember the quarterly report will be announced on 17 September 2020.
If you find this idea helpful, kindly leave us a like and comment!
TopGlove - Ready to break ? Fast Turtle Buy and Bounce from EMA20 with higher Volume (But volume still below Average)
FiFT +ve
MCDX+ Banker's Bar increase and crosses above Banker's Moving Average.
Second ATOM Buy
TopGlov need to break above trendline and preferably stay above psychological resistance at 9
Continue to hold
SL 8.2, 7.4 depend on individual risk appetite
TOPGLOV [7 October 2020] Buy On Resistant Zone Break OutMYX:TOPGLOV
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
Will it breakout?Topglov has needs a solid break above the red line before it can try for the next resistance.
Top Glove - Wave B in the makingWave B of corrective wave.
Temporary bull.
TP area in the square box.
