05 November 2016

M1 stock price is all time low. Is it time to accumulate ?

The announcement of the 4th telco is being pushed back for another 4 weeks (total of 8 weeks) shows that the regulator is probably thinking if it is the right time to allow a 4th Telco to enter the market.

M1, the smallest telco share price has been dropping since the 3 bidders have entered the race for the 4th telco license.

Will M1 be able to reverse the trend with more buying strength and shorties get caught off surprise?

Below is a chart which you can clearing see the BUY signal at 2.06.





Today's Chart



3 comments:

Anonymous said...

Nice

Anonymous said...

It is time to accumulate before it bounces up.

Anonymous said...

Buu

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