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$BAUTO (5248.MY)$ Based on the current market dynamics, technical support, and recent news, although Bauto (5248) is currently trading at 1.35 Ringgit, considering the following factors:
Technical Support: Market data indicates that the stock has formed strong support around 1.30–1.35 Ringgit, and in the short term, if there are no significant bearish news, the price is expected to stabilize or slightly rebound at this level.
Fundamental and Dividend News: The company's recent distribution of mid-term dividends (around 3 sen per share or higher) has provided some bottom support for the stock price. Although analysts are optimistic about the long-term target price (around 2.05–2.30 Ringgit), in the short term, due to increasing competition and performance fluctuations, the stock price may remain volatile.
Market Sentiment and Trading Volume: If market sentiment remains stable, there may be a slight rebound in the afternoon due to increased bid support, with the closing price expected to be around 1.40 Ringgit; conversely, in the face of selling pressure, the price may stay around 1.35 Ringgit, possibly briefly dipping to around 1.30 Ringgit.
Therefore, my prediction is:
Today, Bauto's stock price may fluctuate between 1.35 and 1.45 Ringgit. If market sentiment improves, there may be a temporary breakthrough above 1.45 Ringgit in the afternoon, but the overall trading range is roughly between 1.35 and 1.45 Ringgit.
Please note that the stock market is highly uncertain, the above predictions are based solely on current public information and technical analysis. Actual trends still require close monitoring of real-time market changes.
Technical Support: Market data indicates that the stock has formed strong support around 1.30–1.35 Ringgit, and in the short term, if there are no significant bearish news, the price is expected to stabilize or slightly rebound at this level.
Fundamental and Dividend News: The company's recent distribution of mid-term dividends (around 3 sen per share or higher) has provided some bottom support for the stock price. Although analysts are optimistic about the long-term target price (around 2.05–2.30 Ringgit), in the short term, due to increasing competition and performance fluctuations, the stock price may remain volatile.
Market Sentiment and Trading Volume: If market sentiment remains stable, there may be a slight rebound in the afternoon due to increased bid support, with the closing price expected to be around 1.40 Ringgit; conversely, in the face of selling pressure, the price may stay around 1.35 Ringgit, possibly briefly dipping to around 1.30 Ringgit.
Therefore, my prediction is:
Today, Bauto's stock price may fluctuate between 1.35 and 1.45 Ringgit. If market sentiment improves, there may be a temporary breakthrough above 1.45 Ringgit in the afternoon, but the overall trading range is roughly between 1.35 and 1.45 Ringgit.
Please note that the stock market is highly uncertain, the above predictions are based solely on current public information and technical analysis. Actual trends still require close monitoring of real-time market changes.
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$KOPI (0338.MY)$ I think it sells better now, it should drop.
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$KOPI (0338.MY)$ Brothers take advantage when they see it.
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$99SMART (5326.MY)$ Take profit when you see a good opportunity!
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$99SMART (5326.MY)$ I hope you have been kicked out of the Indices, never been alive since entering the Indices.
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