QUOTE(nexona88 @ Sep 5 2016, 03:38 PM)
kinda hard to reach rm7 level

Errr....
Cannot say like that one...

This is THE stock market... anything can happen one.
Some stuff...
1. Where's the beef?
What's the play dude? What exactly are you aiming for?
rm8?
rm8.5?
rm9?
Sure win play meh?
2. How long a trade do you envision for this one?
One year?
Two years?
If you meat slection is at rm9, is it even worthwhile?
3. Look at the current fall/correction/plunge or whatever...
Can you see the strong down channel that has since developed since May 2016?
A trading strategy at this point of time...
take a deep look at it...
what are you and your trading strategy is suggesting?
Are you not banking that a reversal would happen anytime soon?
see if your answer is 'you don't think the reversal would happen soon' but you buy cos it's cheap (err ...you trading or are you investing?) .....
then the obvious question is why do you want to be the early worm trying to catch the bird?
4. what was the last/most recent catalyst that drove the stock price down?
Was it cos BNM potong the interest rates to 3%?
What did BNM move signify?
What if BNM potong somemore? Possible or not?
* I got no definite answers for all my own questions...

and if I can't answer it...
it's like I do not know exactly the risk trading this stock!!
oh.... supports/resistance...
when resistance is broken, they will soon turn into support in the future...
when support is broken, they too will turn into resistance in the future.....