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Based on today’s market action, this looks like the start of a downward move. No need to rush into a position yet, it’s better to wait and see how the situation unfolds before making any entry.
Don’t rush in yet. It’s still not the right time to enter. Based on today’s market action, the price may continue drifting lower tomorrow until the selling pressure eases and volume starts to pick up again.
Ideally, wait for the stock to reclaim RM0.62 and hold above that level firmly before considering an entry.
Entering now still carries the risk of getting trapped in a further pullback.
SMC/ICT view: Oppstar remains in a corrective phase after its strong rally. Short-term structure is bearish with lower highs and lower lows. The key liquidity zone is RM0.60–0.62. A sweep below RM0.62 toward RM0.60 is possible before a reversal. Bullish confirmation only comes if price reclaims RM0.65 and breaks RM0.68. Current bias: short-term bearish, medium-term neutral to bullish.
Possible, but probably not so soon. The major players may keep the price suppressed for a while until most short-term traders and margin players have exited. If they still intend to push it higher, they might even deliberately drive the price down further to scare out another batch of holders before making their move.
