Chart Source: Poemsview 25th Sept 2020
Just a day or two we saw glove counters gaining some strength as there were having a sideways consolidation. Cases are starting to rise again in the Western side like europe and this might have some positive effect on these glove stocks.
Glove counters like Top glove and UG healthcare have all broken above their 20ema and might see further upside in the near future. But we’re not super optimistic and might just want to be mindful for this as a rebound. Now how about Riverstone?
Riverstone is currently pinned down by the 20ema and the downtrend line. If it manages to break and stay above that we might see a potential move up in the coming days. There has also been an increased in volume.
Keeping our eyes on it.