Rubber glove stocks- good trading BUY

Topglov has broken above its intermediate downtrend line at RM4.80 as well as its psychological RM5.00 level. Its next resistance would be the horizontal line at RM5.30. For more on Topglov, go to my earlier post.

Chart 1: Topglov's daily chart as at June 21, 2012_10.00am (Source: Quickcharts)

Other rubber glove companies, such as Kossan & Supermx, are likely to record better results for the last quarter and the next quarter. Kossan has yet to test its downtrend line while Supermx has tested its downtrend line yesterday but failed to break above it. I believe that Kossan & Supermx are good stocks to buy even though they did not achieve a bullish breakout like Topglov.


Chart 2: Kossan's daily chart as at June 21, 2012_10.00am (Source: Quickcharts)


Chart 3: Supermx's daily chart as at June 21, 2012_10.00am (Source: Quickcharts)