The stock has not been doing well lately after the following event :
1. Dividend 10% in the month of Feb 2010
2. Bonus issue (1 share for every 5 shares) and share split 2:1 in the following
month March 2010.
Since end of March 2010, the stock been trending downward.
RSI showed the stock reached oversold region (short term) as of 6 Aug 2010.
Possible trend reversal if it push through RM3.60.
Immediate support level RM2.90 to RM3.00 based on 6 Aug 2010 closing price.
Anticipate further downward/heavy selling pressure if the price breaks these level.
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