Bursa sentiment is quite weak so far due to political uncertainty. Solid is categorized as automotive industry which under trader radar now. Revenue is growing and net profit is improving. Technical view for Solid is bearish since share price dropped below support (RM0.26) Showing that big boy is not supporting the share price for now and it could dropped more. Investor should look for another proper base set up to determine entry point.
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Really weak sentiment on this counter. Market is shy away and only banker shifting hand. Keep staying away
Next week monday onwards 16-08-21 will the price still keep dropping below 0.23 or still have chance to rebound back. Current trend still bearish or bullish?
GoldenTurtle
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@tanahlai39,
This counter chart pattern set up really good. Price keep hanging around 0.24 ~RM0.26 with contracting volume.
Forming higher low with contracting volume indicating big boy might be collecting ticket and hence, we should expect big rally soon.
Good to collect at price RM0.24 and set a cut loss point base on personal risk preference.
TP RM0.30