Wednesday, October 21, 2020

Top Glove (SGX:BVA) Trade idea 21 October 2020

Top Glove (SGX:BVA) has form a potential double top and has since retraced today to hit the first support at 2.88 and has bounced off its 50-MA. If this level is unable to hold it is likely to continue to move down to its second support at 2.70. 

Beyond 2.70 the next key supports are: 2.59 and 2.42.

Stop loss: 3.20

Key Resistance level: 3.163

All posts and charts are for educational and illustration purposes only

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