Bearish looks on SOLID AUTOMOTIVE BERHAD
Bursa sentiment is quite weak so far due to political uncertainty.
Solid is categorized as automotive industry which under trader radar now.
Revenue is growing and net profit is improving.
Technical view for Solid is bearish since share price dropped below support (RM0.26)
Showing that big boy is not supporting the share price for now and it could dropped more.
Investor should look for another proper base set up to determine entry point.
Solid is categorized as automotive industry which under trader radar now.
Revenue is growing and net profit is improving.
Technical view for Solid is bearish since share price dropped below support (RM0.26)
Showing that big boy is not supporting the share price for now and it could dropped more.
Investor should look for another proper base set up to determine entry point.
Market is shy away and only banker shifting hand.
Keep staying away