RHB Retail Research: Top Glove Corp may trend higher

Source: RHB,Bloomberg

RHB Retail Research says Top Glove Corp Bhd may trend higher after it continued holding above the MYR7.08 support.

In a trading note, the research house says as the stock recorded a new 52- week high, the positive sentiment has been enhanced.

“An upbeat bias may emerge above the MYR7.22 level, with an exit set below the MYR7.08 mark.

“Towards the upside, the immediate resistance is at the MYR7.70 level, followed by the MYR8.00 threshold, it says.

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