Top Glove - Bleeding Heavily; Maintain SELLAuthor: rhboskres | Publish date: Thu, 15 Dec 2022, 10:55 AM
Top Glove's 1QFY23 Results Below Expectations
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Top Glove – Outlook
Top Glove – Earnings Forecast and Valuation
Source: RHB Invest Research - 15 Dec 2022 Labels: TOPGLOV Trading Stocks - WTK HoldingsAuthor: rhboskres | Publish date: Thu, 3 Mar 2022, 9:30 AM WTK Holdings is set to jump towards the 52-week high after bouncing off the 21-day average line yesterday. It broke the recent high of MYR0.54 on stronger volume. The latest bullish candlestick indicates that follow-through bullish momentum is likely to occur towards the resistance level of MYR0.575, followed by MYR0.645 – its 52-week high. Conversely, falling below the immediate support of MYR0.505 may trigger the resumption of a downward correction beneath the 21-day average line. Source: RHB Securities Research - 3 Mar 2022 Labels: WTK Be the first to like this. WongYiSheng Is wooden products trends kicking in as other commmodity counter already shoot up strong. 05/03/2022 1:27 PM Trading Stocks - CuscapiAuthor: rhboskres | Publish date: Thu, 3 Mar 2022, 9:29 AM Cuscapi is set to reclaim its 52-week high, as it rebounded higher yesterday and breached the immediate resistance of MYR0.435 on strong volume. Coupled with a “White Marubozu” bullish candlestick printed yesterday, the bulls are expected to propel it towards MYR0.49 – its 52-week high. This is followed by its all-time high of MYR0.665. Conversely, falling below the MYR0.385 support should trigger selling pressure below the 21- day average line. Source: RHB Securities Research - 3 Mar 2022 Labels: CUSCAPI Trading Stocks - LB AluminiumAuthor: rhboskres | Publish date: Thu, 3 Mar 2022, 9:29 AM LB Aluminium is likely to rebound higher as it bounced and breached the immediate resistance of MYR0.515 yesterday, coupled with high volume. The “White Marubozu” bullish candlestick printed above the support has solidified the positive rebound in the coming sessions. If it stays above the breakout level, the bulls may propel the stock towards the recent high of MYR0.545, followed by the next resistance of MYR0.62. In the event it falls below the MYR0.495 support, bearish momentum may emerge and lead the stock southwards. Source: RHB Securities Research - 3 Mar 2022 Labels: LBALUM Trading Stocks - Press Metal Aluminium HoldingsAuthor: rhboskres | Publish date: Thu, 3 Mar 2022, 9:29 AM Press Metal Aluminium Holdings is set to print a new high, as it broke above the recent high – also the all-time high – of MYR7.03 yesterday, on the back of strong volume. As it formed a “higher high” bullish pattern, we expect the bulls to continue riding the uptrend within uncharted territory. The next resistance could be marked at MYR7.50, followed by MYR8.00. However, the momentum may lose steam if it falls below the MYR6.54 support, which would lead to the formation of a “lower low” bearish pattern. Source: RHB Securities Research - 3 Mar 2022 Labels: PMETAL Trading Stocks - ResintechAuthor: rhboskres | Publish date: Wed, 2 Mar 2022, 10:26 AM Resintech is set to climb towards its all-time high after it bounced and breached the immediate resistance of MYR0.98 yesterday, on strong volume. As the “higher high” bullish pattern was seen – coupled with a “White Marubozu” candlestick – this signals that the follow-through bullish momentum is likely to occur. As such, the stock is expected to reclaim the all-time high of MYR1.05, before printing a new high of MYR1.10. Conversely, falling below the immediate support of MYR0.905 may trigger the resumption of a downward correction, thereby sparking a “lower low” bearish pattern. Source: RHB Securities Research - 2 Mar 2022 Labels: RESINTC |