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epf is a short term investor too for certain stock. need to wait until epf clear out their stocks b4 the price can rebound higher. epf is pushing up to make profit now
epf normally will push up the price a bit to take profit. that is why the price will come down after a big increase. once epf stop selling , the price will able to break new resistance
With the uncertainty surrounding the possible increase in the prices of locally-assembled (CKD) cars in Malaysia, we finally have some clarity. The ministry of finance (MoF) has confirmed via statement by the Malaysian Automotive Association (MAA) that there will be no increase in CKD vehicle prices for a period of one year until December 31, 2020.