Everyone in Malaysia is so hyped out about this stock where it appreciated so much. so what is going to happen is that those who think they have missed the opportunity will be buying at the highest price. these traders are called FOMO traders ( Fear of Missing Out). Those who accumulated the stock at the lower price will be selling their stock to these FOMO traders at the highest price. Price will eventually come down impulsively and attract more real buyers to bring the price higher.
Can i know why you have set the price to rebound at rm5 ?
In my opinion, even if the bonus issue in place. the price of Supermx have to be at rm10 in order to hit your projection
mind explaining why ?
Haarshy-2ndlevelhunter
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@Cyrogx6, Sorry for the late response, it is because those who think this is uptrend, will be entering now because they dont want to miss the opportunity, but those who bought earlier will be taking their profits. which will make the price to drop further to gain more buyers.
this is my anticipation. as there are many buyers up there that are stuck in loss.
In my opinion, even if the bonus issue in place. the price of Supermx have to be at rm10 in order to hit your projection
mind explaining why ?