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Yes I know about the 2 different funds. Fund II was during the M&A took over the CTOS and then send in their team to revamp the business growing it to today exceeding 200M. Their time was up which is 10 years and they have to use another fund to take over which is the V. The fund II was successful investment but now it is the fund V. It may not be a total lost given they have kept average it out when the price go lower and now if the price is back to the original transfer price which is 1.35 then they would have gain since they kept buying back at a lower price point. However I don't foresee that would happen simply because they have not perform as to the rate that the investors demand. Yes there is growth in profit and revenue but at what rate? I have calculated that this should be a 1B revenue company but with this rate it might take another century to achieve that. Investors don't have that kind of patience so they might come in buy at the lower support line eg. MYR0.60 and then dump all at MYR0.65 because of their volume they would gain a lot more than normal retail trader. The suffer one is the retail traders.
They are probably still justifying and defending the stock price to the investors. Today is testing at 0.58 and the moment it crashed the 0.57 support line it will be down to 0.47.
I had friend that keep buying the rubber stock when it goes down and told me it helps to average down the purchase price.
There is no right or wrong but some stock is useless to average down. It is the major investor or broker telling you just like they keep saying you haven't loss.. Just paper loss.. That's bs.. Paper loss is lying to ourselves only.. No emotional if not right just cut loss and sell
Not sure why you all think that creador will save this stock.. Firstly they are an investment company.. They invest in the company to make 10x and higher return. They are responsible to the investors. The moment the company goes IPO they have cash out once. Now the stock crash they may not bleed like normal retail stock buyer. Just like Mr DIY they exit after the 6 months lock period.
I use fibonarci to do the charting and also some other charting tool. Also reading the chart plus looking holistic on the whole company with the mgmt and strategy so it doesn't scaling in anyway.
If they can break the line then they can only go up to 0.83. Definitely won't go back beyond 1 unless they can show the road map toward 1B revenue. Otherwise they will go below 0.50 in December.
If can't break 0.73 then it will continue to go down. I have predicted 24 months ago it will hit below 0.70 and now has come true. The next support line is 0.57 so if it breaks this support line the next level will go down to 0.47. If it can breaks the upper 0.73 then it will reach 0.83. Looking at the candle now and the stochastic chart, it will be coming down....
