Textbook accumulation with intimidation: Sharp drops, Sudden long red candles,Weak hands flushed out
EPF’s mindset here is basically:
> “If you can’t tahan, thanks for your shares” ...
They shake because:
Liquidity allows it
Retail easily panics
They want cheaper average
This is the counter where mental stop loss is tested more than price stop loss

Same mo like Suncon prev case ... EPF continues buying when everyone else hit their stop losses...

EPF is buying/accumulating near fibo golden ratio area...need to wait patiently for the price to rebound back to wave 5...just for how long that will take though is always a mystery to us...

Today lowest point is minus 1bid from the fibo 50% level in my drawing...

Sorry RR the prev reply is price point for IJM got mixed up with my 2 position lols...for Axiata Wave 2 in late May, Wave 3 in late July

i'm not a licensed charter so i can't give specific price point bc i'm not sure either lols...from what my EW indicator in tv gives me >>lowest point wave 2 is in late june highest point wave 3 is in mid aug

Previous high is wave 3, and current pullback is wave 4 near to fibo retracement 50% (...hopefully it doesn't goes down until fibo 61.8% or worst at all 78.6%, but as long as no break in structure the price maybe able to bounce back up to wave 5 again and reach fibo extension 2.90)...how long that would take though and just how low the price will drop more is well...a mystery...need to wait for catalyst (maybe ex date) and bullish engulfing candle or bottom doji/hammer to watch out for reversal