Luxchem…Catching Up The Amazing Race?

The amazing race of latex glove stocks has made many investors left out in this sector envious. The fast-paced gains of easily more than 50% within a matter of days drove those who bought into it wild.

Luxchem, with its related link to the sector, begins to move into the uncharted territory by registering the highest close in its listing history.

Looking at the health of its technical strength, Luxchem has the potential to charge for higher highs esp. if it closes higher than 1.21 in the next few days. If this fails, expect a sideway consolidation.