Analyze Glove Stocks with Fibonacci Retracements

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.

Both HARTA & KOSSAN remain below 23.6% as the buying interest were not as strong as SUPERMX & TOPGLOV. Both stocks need more push to break the 23.6% level.

COMFORT being the smallest player generated high trading volume with lower absolute entry price. It entered the 23.6% territory decisively.