TO THE MOONI believe that from a technical analysis perspective, we are likely to see an upward movement after observing an intense selling wave, followed by a strong impulsive wave that has formed Wave 1 (according to Elliott Waves). Currently, we are in the second wave (correction), and there is a high probability of seeing a strong rebound from these levels as Wave 2's structure is almost complete. From a fundamental analysis standpoint, based on my knowledge, the decline was due to manipulation by a WhatsApp group, which drove the price up to the 30s. The drop is not due to any financial statements or company fundamentals. Therefore, I expect a rebound, at least to the levels where the stock was trading when it was listed on the exchange on 2024/03/28.
