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Initially I tot $2 is a good buy price. But TA never fail me, as it is on downtrend and further lower to 1.80. Old brands company hardly to go up with less innovative business model.
currently malaysia market mostly supported by locals funds and weak in international market. Foreign fund seem to be verbal and take time till materialize and stock market can represent that. For individual this counter, unless has something attract the market buy, otherwise keep in watchlist till next QR. careful in trading and better keep your money hold.
Can see Nestle, Bat, Pchem. All have the similar alike Sime but still drop. That is stock market. If all company have good asset, current ratio is higher, and the share price shall up, then the market won’t need trading, and all accountants is the best stock picker. Good luck.