Get ready, this stock already pass 0.400 resistance, now it will try to chase next resistance which is 0.430. Buy when no one interested and sell when the stock is already high. Not buying when the stock is already high
On whether the exercise is still on, Syed Hafiz says, "Yes, we have been quiet for quite some time but it the RTO) is still ongoing.We are at the tail end of it and we expect to put in the Bursa [Malaysia] submission for approval on the exercise by end-April, early May. Why the delay?
"It's mainly because of the NIIS project as it is one of the components in our valuation for the deal. So, it is more strategic for me to wait for NIIS to be awarded and then proceed with the submission. We are expecting to be able to have a much stronger submission and better valuation now," explains Syed Hafiz.
Depends how much the valuation of S5. Some said S5 is more than 1 ringgit or 1.50 something around that. If RTO happens, the price should follow the value of S5. Hopefully lol.
Please based on what factor why price up or down? In any market, when people buy then they will say price up! Alternative, when people sold then they will say price will be down! Please be logic.
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iamismail
947 posts
Posted by iamismail > 2021-02-10 10:16 | Report Abuse
Strongg support and volume seen at this level. Matter of time to fly back up to recent high