Top Glove: Aspion Issues + Stretched Balance Sheet Means Rebound Likely Short-Lived

Top Glove: Almost There For A Secondary Listing On SGX

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

<a href="https://www.smartkarma.com/entities/top-glove-corp-bhd" target="_blank" data-smartkarma-citation="entities:20759:1" rel="noopener">Top Glove Corp (TOPG MK)</a> rise is showing frothy signs with RSI divergence forming. Buy volumes remains healthy and need to see volume taper off before shorting.TOPG is set to break higher out of a micro bull triangle to test noted upside targets. Bull wedge pattern have outlined corrections and break higher set ups.RSI has not confirmed new July highs for a case of bear divergence brewing. Divergence forms when a stock is over owned, sentiment is one extremely bullish, upside momentum and buy volume begins to deteriorate. This is the case for TOPG.Trendline support near 21 is a key inflection point for the up trend.

Top Glove Corp (TOPG MK) rise is showing frothy signs with RSI divergence forming. Buy volumes remains healthy and need to see volume taper off before shorting.TOPG is set to break higher out of a micro bull triangle to test noted upside targets. Bull wedge pattern have outlined corrections and break higher set ups.RSI has not confirmed new July highs for a case of bear divergence brewing. Divergence forms when a stock is over owned, sentiment is one extremely bullish, upside momentum and buy volume begins to deteriorate. This is the case for TOPG.Trendline support near 21 is a key inflection point for the up trend.

Top Glove Sell Target and Fresh Buy Support to Form a Bigger Peak