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The main market rally hasn't started yet. Long-term accounts can buy a little now and watch. If you are doing short-term trading or are low on cash, it is better to wait before entering.
Judging by the declining volume over the past few days of this downturn, if market sentiment strengthens, we could see a sudden intraday move to hit and test the 0.62 resistance level.
Don’t rush in yet. It’s still not the right time to enter. Based on today’s market action, the price may continue drifting lower tomorrow until the selling pressure eases and volume starts to pick up again.
Ideally, wait for the stock to reclaim RM0.62 and hold above that level firmly before considering an entry.
Entering now still carries the risk of getting trapped in a further pullback.
Based on today’s market action, this looks like the start of a downward move. No need to rush into a position yet, it’s better to wait and see how the situation unfolds before making any entry.
