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Chart pattern looking steady and neutral so just stay invested while the momentum finds its feet. No need to panic sell yet since the price action is still quite healthy for a long term hold.
Pricing power is legit because they can just pass the resin cost to customers without blinking an eye. Their margins are pretty much secured regardless of how expensive raw materials get
A long time ago when Uncle young and dangerous Uncle went to Dubai and since it was hot Uncle bought bottled water which was more expensive than oil Uncle didn't know in Sabah also same ha ha ha ha ha btw Uncle just sharing story not vested in anyway
Steady lah market reaction shows people still need their daily drink fix despite the plain branding. Boring business model usually means predictable cash flow which is exactly what long term investors look for.
Market sentiment finally cooling down and Life Water confirm ready to ride the rebound. Just monitor the volume closely because the momentum look quite steady for now