Basic law of Economics - when supply exceeds demand, prices will fall. That basically sums up Iskandar. Nothing can change this law, even if you shout and shout and write in capital letters.

A shrewd businessman will sell if he thinks there is no more profit to be made. He will move his funds to other investments which has more potential.
We all know that China's property market is a bubble waiting to burst. However, it does not mean that the whole economy will crash. Our Malaysian property investors better take note. Those who think that house prices will go up forever and keep chasing will pay the ultimate price. Malaysians are already up to their ears in debt. Interest rate is going to go up because of inflation, and these people have to pay more to service their debts and to buy houses. Wages are unable to keep up. How much longer can this situation go on? If you are a property investor, you better sell everything like Li Ka Shing.

Just want to add that SMA50 is the medium term price trend and SMA20 is the short term price trend.

Strong support seen at this price which is near SMA50. The price may rebound from here. If the price falls below SMA50, there will be more selling.

All the good news is already in the price. Then came the bad news, the court case. The only way to go is down. I just check the technicals. The price already cut through SMA20 and about cut SMA50 soon. MACD, RSI, Stochastics and OBV are all negative. It doesn't look pretty at the moment.

If Dialog is so good, why is the price dropping? Please ask yourself this simple question.

Banks are buying because they have to support their biggest debtor. If Dialog cannot pay back its 400 million loan, the banks will also be hit. Pengerang is already stale news for the past 2 years. Everybody knows about it, so it is not going to excite anybody.

If Dialog loses this lawsuit, it will have to pay about RM550 million equivalent to 38% of its equity. Currently, it is still in debt of RM400 million. Be careful if you still want to buy.