The once “high-flying” Top Glov that defied the law of gravity in the past 12 months had finally succumbed to bearish pressure. Top Glov is now trading in a downtrend as it has displayed a series of lower highs and lower lows. In addition, The MACD trend indicator has breached below its centerline that confirms the presence of a downtrend. On the downside, be on the lookout for the immediate support at RM 10.65 and a violation below it may see a further slide to test the next support at RM 9.87. However with a bullish crossover signal seen in the 20% oversold region of the Stochastic oscillator, Top Glov may see a short-term rebound towards the immediate resistance at RM 12.34 and a break above it opens up scope to see a further push towards RM 13.18 next.