LOTUS is trading at RM0.150, holding steady at its key support zone of RM0.145–RM0.150, showing signs of potential stabilization after a prolonged downtrend. The stock’s current consolidation near this support, coupled with a narrowing MACD, hints at a possible trend reversal if buying momentum picks up.
Immediate resistance is at RM0.165, with a breakout above this level likely signalling the start of a recovery. Volume remains low, but the steady price action suggests sellers may be losing momentum, creating room for buyers to step in.
While the broader trend has been bearish, the stock's recent price behaviour and proximity to support levels provide an opportunity for a rebound if accompanied by stronger trading activity.
A watchful eye on price movement and a decisive break above RM0.165 could indicate a positive shift in sentiment.
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