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Forced Margin Liquidation
When a retail-heavy stock falls past major technical floors like RM0.650 on high volume, it triggers automatic margin calls across investment banks. Day-traders and leveraged accounts are forced by brokers to liquidate immediately at market price, creating a domino effect that drives the stock down into a sharp sell-off.
The Technical Bottom: The stock has officially hit a fresh 52-week low at RM0.590. When a stock enters "capitulation mode" (panic selling), it often takes a few days for the margin calls to clear and for buyers to evaluate true valuation.
Extreme Low P/E Valuation: At RM0.595, the stock is now trading at an insanely low trailing P/E of just ~4.8x. Fundamentals say it is severely oversold, but short-term sentiment is in panic mode.
