< Personal Opinion >

Short comment here. This counter progress quite well technically. Awarded contract on 26th Jan, then got revised down rating on 27th Jan with the comment of it being overvalued.

Long term support seen at 0.360 for the counter, If profit margin can remains positive and move above 2.6% seen for Sep'21 in this coming QR release, then overvalued is just a tactic for banker to shake and collect more at low. Chip in a portion, not big, not small at 0.360 and let's see the upcoming QR can prove the banker's motive.

Welcome all to discuss below! If you like my post, do follow me here, it gave me motivation to continue writing and sharing my ideas at here. Note that this is not buy/sell recommendation, you should do your own research, form your own view for any buy/sell action in the market. Thank you.