Head and shoulder

PokaiTrader : BJFOOD (5196.MY) is a highly controlled counter; so the major stakeholders have a lot to lose should prices slide further. MY take is there's some intervention from these interestsl wait and see the price discovery according to their perspective. Let it print lows/higs and sideway trends. That will be an indication. Trading this stock atm is driven by these interestsm surelly away from fundamentals. Printed a bottom level at 0.52 on 29/Feb; I expect if next qtr results showing lacklustre performance, then this level will be breached for sure. Present P/E TTM at 118 puts any analyst off, so sub 0.40 is a high possibility.The RM42m loss of previous qtr has a one-off portion not gojng to be repeated. However a good RM30m is still operational losses. So maybe wait for next qtr results for indication of how well the manegement is containing the situation, especially for longer term strategic positioning.