Top Glove (SGX: BVA) has been on a long correction since September 2020 last year when prices were at their highest at $3.17. Initial wave analysis pointed out to a double three corrective wave. A lack of momentum indicating the ongoing last leg of wave ((z)) of the triple corrective wave:
*Timeline of the trade is 4 weeks from the date issued.
Moving Average (Exponential)
Red dotted line = 200 Periods Moving Average
Blue dotted line = 50 Periods Moving Average
Green Line B= 26 periods Moving Average