We are in a view that the correction in TOPGLOV has come to an end after it completed a zig zag corrective pattern on early of April while recent movement is suggestive that TOPGLOV is trying to form a leading diagonal form of wave (i) which in most cases will result in a throw over followed by a sharp and deep pullback in wave (ii). Nearest support seen is around RM5 area followed by RM4.65 area. We would however wait abit more to confirm the accuracy of our wave analysis. If our analysis is correct though, we might see the start of a new fresh bull market (Wave 5)
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