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Consolidation complete, double bottom likely

$Lippo Malls Tr(D5IU.SG)$17 Malls reopen despite delta. Business should bottom. Likely to breakout anytime.

Consolidation complete, double bottom likely
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  • the kingfisher OP : Recent selldown likely typical behaviour  market makers forcing down the share price to trigger margin calls and capitulation to sweep up inventory from weak hands until everyone who cannot tahan (endure) will be out of this stock. buy and hold and wait for multi bagger. This stock has written down its assets purely based on paper valuation last year and this will likely change this year in light of low interest rates and resumption of malls activities, recovery of rents after indonesia achieve their vaccination targets, similar to what is happening in Singapore.  The capitulation is a signal of a bottom and a change in mid term trend.

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