Eye on Stock, Top Glove Corp

DESPITE the one-day plunge on July 9 that saw Top Glove Corp Bhd (code: 7113) lose about a quarter of its value, the stock has pushed back against the 200-day simple moving average (SMA) and kept moving forward with a bulish bias.

There was a strong rebound following the decline and the stock managed to return to a Sept 3 high of RM11.28.