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MYEG is a very special counters, regardless the new high Rev, then share price remain sideway. It show smtg happen internally and not align with share price up with earning up.
If I observe, the QR for both Rev & Profit is new high, but share price is not align and caused me think twice. Think previous a lot ppl stuck at high price and insiders don’t wan push to higher price to release them, that y the chart cannot go up. Let continue monitor this profit company.
If the insiders successfully trap ppl at 1.14, won’t easily let them go right? Now is 0.88, means another 30% surge to reach 1.14, but if is good for those new buy at current price. But still the concern, Rev & profit is new high with oversea expansion yet can’t easily break 1.00? Seem smtg unseen behind and recently like lack of government backup caused uncertain. In short, I don’t understd how to play this counter, let’s the expert to decide the direction, I just popcorn for it.
The only way to play myeg is buy when Relative Volume is super high and sell within one week. RM100-200 gain per trade.
This way may be the only way that those trapped in elevated prices can recoup their losses.
