Top Glove Corp (TOPG SP)
Technical Overview and Stock Performance:
- Current Price: S$0.335
- Target Price: S$0.370
- Protective Stop: S$0.305
Top Glove’s stock demonstrates a similar bullish trend, with the price trading above the cloud, indicating that the uptrend remains intact. The conversion and base lines also show a bullish crossover, hinting at further upside potential. Like ThaiBev, the MACD is bullish and rising, which further strengthens the outlook for the stock’s price moving higher.
- Investment Recommendation: The analysis suggests a Trading Buy with a price target of S$0.370, presenting an opportunity for investors to gain from the current bullish trend. The protective stop is set at S$0.305 to limit potential losses.
- Approximate Timeframe: The expected timeframe for this trade is also 1-2 weeks, provided that the stock hits the entry price range within three trading days.
Top Glove continues to see favorable technical conditions, making it an attractive option for short-term traders looking to capitalize on its momentum. Thank you
