Eventhough this stock is Overvalue. But considering with current economy situation in Malaysia, they still can give 1.75 cent dividend. I'm in. Fiamma's management has done a good job so far and they look capable of steering the company through these volatile times. This year, where JV property project by this company to develop residential properties in Batu Pahat, Johor that have a potential gross development value (GDV) of RM26 million. It will effect the stock price.
We can see potential buy back stock at this point. Strong Support line (Yellow Line) at price 0.495. If they break the support zone
(Blue area) means that they'll continue in bearish
mood. But if do the rejection at this point, possible to bounce back to strong resistance price 0.62 ( 78.6% Retracement