Good analysis. The management did mention they want to expand the business to oversea, so we will need to see.
From TA, I believe $11 should be quite solid due to the followings:
1. $11 was the previous resistance and should act as a support now
2. The current 50 MA is at around $11 and the DDR SP usually respect the trend of 50MA
3. $11 is also the FIB 0.382 from the current high.
Always DYOR.
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Good analysis. The management did mention they want to expand...
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