
- Without looking at the quarterly financials due latest by 31 August, this chart itself spells weaknesses
- One might think it has bottomed up and therefore represents a good buying opportunity but as at today there is nothing to say demand has come back in
- At best it will still be moving sideline for the next 3-6 months
- I will be looking at the RM0.30 level, which is an important Resistance line
- Let’s check back in 3 months’ time how accurate is this
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