Another day of stunning performance for glove stocks at Bursa Malaysia. Let look at the Fibonacci Ratios for each of them.
SUPERMX gap up today, it breached 38.2% and reached just below 50% from the recent low. The next immediate barrier is 9.00 ~ 9.81, follow with 10.80 ~ 11.68, and finally 12.20. We will look at it again when it break these resistance.
Stunning performance for TOPGLOV where the price has breaked 61.8% from the recent low. The price gap up today & need trading volume to sustain it uptrend momemtum.