Top Glove jumps because of Coronavirus

The stock of Topglove (7113) jumps because of the fear caused by the deadly Coronavirus that originated from Wuhan China.

Typically, glove counters will jump when there is any serious medical issue.

So far, more than 80 people have died because of this virus.

I hope that this virus will be contained as soon as possible.






The Heikin Ashi candle charts show Topglove is on the uptrend right now.

However, the price may be overextended a bit.

It may not be a good time to enter now.

Suggest to wait for a pull back.






Because of this, the Lunar holiday in China will be extended until 2 Feb.

Check out the Kossan Latest Share Analysis here that is impacted by Coronavirus as well:
https://malaysiainvestment88.blogspot.com/2020/01/kossan-jumps-because-of-coronavirus-buy.html


Reference:
https://m.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=7113