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Chagee has been speeding up its store openings in Malaysia. Recently, they had grand openings at Subang Parade and KB Mall from 28 to 30 August. Around the same time, from 29 to 31 August, they also opened new outlets in Sunway Putra Mall, Puncak Jalil, Damansara Uptown, AEON Bandar Dato Onn, The Mines, Setia Taipan, Bandar Bukit Raja, and Pelangi Avenue
Uncle didn't realize magma share price now 30c...just a few months ago was flying high...now seems like pattern more than badminton lee chong wei also frying stocks ha ha ha ha ha
After a sharp pullback from its July peak, Magma has staged a rebound from the RM0.21 level and is now consolidating near RM0.305. The stock has broken out of its steep downtrend channel and is attempting to stabilize above its immediate support at RM0.275, suggesting that selling pressure may be easing.
Momentum indicators are mixed. The MACD remains neutral, indicating no clear directional bias for now, while the RSI has recovered to 36.5 from oversold territory, showing early signs of a momentum shift. Price action is currently below the 20-day, 50-day, and 200-day EMAs, which continue to act as overhead resistance.