next week onward if DRBHCOM can tahan 3 trading day above 1.90 n didn;t drop 1.90 below ,it will move to first resistance 2.10 . succefully break out 2.10,it will move to 2.40 strong resistance.
HANGZHOU: China’s Zhejiang Geely Holding Group, which has a 49.9% stake in Proton Holdings Bhd, has raised its 10-year projection for the sale of Proton cars by over 100% to one million units.
According to its original 10-year master plan drafted in late 2017, a total of 400,000 cars would be produced in 2027 to retake Proton’s leadership position in Malaysia and become the third largest auto company in Asean.
This latest forecast on Proton’s future was disclosed by Victor Young, vice-president of public relations of Geely group, when he spoke to StarBizWeek and five other writers in Hangzhou after receiving a Malaysian convoy of Proton X70 drivers from Kuala Lumpur.
In a 45-minute media interview at Geely’s headquarters in Hangzhou, Young says:
“With Geely’s technology and products, we aim to make Proton the number one car in Malaysia – in brand and volume.
“In 10 years, we want to make Proton another Geely. Proton can sell one million vehicles in 10 years. But it is a challenging and exciting journey. We all need to work hard.”
Geely sees potential in Asean’s vibrant market. Although the population in the 10-nation bloc is over 600 million people, only about 3.3 million cars are sold in the region.
Young says: “We are very confident of Proton in Malaysia. We started thinking of Malaysia and Asean markets ten years ago.
https://www.youtube.com/watch?v=KVm74yE0aUE Hopefully this technology disruption would happen soonest so that oil producers become beggars especially parasites like S Arabia and other M East nations. OPEC could not hold the industrialized and civilized world ransom anymore. I believe burning fossil fuels has nothing to do with global warming but the pollutants emitted are cancer causing. More important with less car ownership, auto manufacturing would be a sunset industry including Geely etc. We need more innovation from technology disrupters like Apple, Qualcomm, NVidia, TSMC, Samsung etc to make this world a better one.
https://www.youtube.com/watch?v=aUC6lsLr04I This old manufacturing is the major cause of middle income trap. The sooner this industry is "dead", it would be better for everyone. Even the US big autos are in trouble again. Hopefully the fate of big and small autos in China would be the same. Oil drilling is also an old technology that should be "dead" the sooner the better.
And many who bought earlier already sold off at peak la . Now is just contra buy sell if cant wait, but shark definitely want to push lower before bounce up
as i know if this is big sharks accumulation , it should take 7 trading day finish , let see tuesday n wednesday still 1.90 most done .if stil continue until wednesday still at 1.90 , thurday onward they will start slowly push up to 2.10
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Next week persona & iriz facelift launch, let c how compatible selling price will be..