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ah choon wong. imo, technical and fundamental analysis is not accurate in accessing this counter. Idiocracy variations deviates too far from the expected returns when a contract that affects the fundamentals of this counter is involved.
however, please advice on your predictions.
j7 yw, dealer also no power. got contract up, no contract down, no exceptions. uncertainty at this moment will only make it move down and sideways until news of the contract renewal is clear.
this is usual movement, unless the dealer decide to goreng, then different story.
just my opinion, correct me if wrong.
d d
Many ppl buy this counter and dsonic also because of the contract news, not many ppl
willing to hold long term. So very difficult to predict the future movement because of the emotions involved.
Everyone should think if Myeg cant get the contract how big the effects on it. As you can see Myeg start to focus on Philippines business as management know that they cannot rely too much on Mas government project. But not guessing and gambling whether they will get the contract. Guessing doesnt help you at all! Just my two cents here.