Richkierich

TOPGLOV - Game over?

做空
Richkierich 已更新   
MYX:TOPGLOV   TOP GLOVE CORPORATION BHD
Everything with a beginning will have an end. The earlier we wake up to reality, the easier things will be. When things are pushed against us, it is always so much easier to ignore the hard, cold facts just to feed our ego. TOPGLOV has formed a weak trend on 19 Oct with a lower high and continually breached the EMAs, with a steep pullback. Expecting a rebound to RM7.50 thereabouts which will be a chance to get off before its too late.

Some might argue that it is a super good company with long term prospects. That's fine and all, but for me, I'd rather believe the evidences that is presented to me on the charts rather than some tall tales I found in somewhere by some analyst or bagholder. Anyone can say that it has good prospects and can get to the moon, but prices state otherwise. Whom will you trust?

I am in to make money, not to prove I am right. When I lose, I lose, admit it.
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Comparing reversal with reversal
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