mililiaI was just explaining to another investor of this stock. I've just pointed out to him that there is positive sign for E&O. Here is the snippet on my email to him...you can check my point using Chartnexus:-
"On daily chart - The support is at RM1.90 and second support is RM1.86. To me, the most important support is at RM1.86. Breaching that means it is heading to RM1.80. If you are to look on the candlestick, it forms hammer then a long black candle but stop at RM1.90. I have reason to believe it is consolidating at this level.
Why? Simple.. looking at RSI vs price chart - it is showing divergence. MACD vs price chart - it is showing divergence and finally it is trading at the lower band of Bollinger. Volume is also coming off when it is trending down. So, RM1.86 is very possible while I am hoping RM1.90 is a strong support. The real kicker will come in if the result that is due in few days time beats expectation. Then you will see a strong rebound.
I don't want to over-promoting this stock. But I am getting more bullish on this stock. If you are fundamental person, then as it go lower, it gets cheaper. If you are a technical person, then what I have explain will provide some comfort, while waiting for the announcement of the result. Again, because I a strong believer of this stock, I'm betting big on the warrant."
Sunkist118Ok ok warrant ..I receive you message...
dustiThe word "manipulate" aptly describes what has been happening here for the last few months. The believers have patience, the frustrated/confused, please call the SC to check