RHB Retail Research: Top Glove could resume uptrend

RHB Retail Research says Top Glove Corporation Berhad formed a white candle and marginally regained above the rising 21-day SMA line yesterday.

In a trading note, the research house says a northward breach of the MYR15.80 resistance could signal the resumption of the stock’s uptrend.

“Resistance levels are at MYR16.40, followed by MYR17.20. A stop-loss can be set below
MYR15.40,” it says.

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