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Looking good. Looking forward to the QR, with a continuous strengthening of MYR, everything is still looking bright other than the share price (bot manipulation)
If everything goes well, “by right” Nov quarter should be a relatively better one QoQ. Takaful’s income relies quite a bit on investment and it’s MGS holdings, with recent OPR cut (bond holding value goes up when interest is down), and Klci stronger performance in Q3, Nov QR should be less concerning. But Takaful may very well still continue dingdong by the bot, who cares
This is why you never “trade” takaful based on technicals. It is highly institutional, bot controlled, but it is good value for those who just want to hold for dividends long term. It’s the kind of price and stock that you can sleep well at night with , definitely not for trading .
Relax guys, Takaful price is bot controlled. Everyday you can see it opening high with small volume and press down to make it red. Not a “natural” counter to trade with technical charts.. but good value at this price, good dividend play
The 3 psychological price level is defended. Price volume movement looking healthy against the moving averages, poised for a bigger scale rebound to the MA200 level ~3.4 post budget clarity on insurance policy premium. But please note that on a technical level, this is just a rebound. Following a rebound we still want to expect healthy resumption of downtrend and see strong support before confirming a reversal
Can you all see how Dpharma is controlled now? With just a few hundred k shares volume a day they can press it down just enough to break previous low, and they can pull it back up effortlessly with just 1-2 million volume . This is left to right hand, right to left hand game
But Dpharma fundamental prospect is intact with expanding healthcare budget, weak USD and trend of generic drugs (medical inflation). Collect below 1.20 is no brainer, but u have to slowly collect and wait
My opinion is as such, never play trading with charts on this counter, also on big counters with heavy epf stake. With big shareholding, they can artificially press down prices hence technical chart is not “natural”, unlike in US where shareholdings are dispersed across globally, with no single entity having “final say” to manipulate.