The gloominess of the newly formed company announcement on previous Friday was cleared by another announcement on last Monday, which was too late as felt by Market experts, hence many retailers fell pray for Big-Fishes who were spreading a number of false, misleading and vicious negative remarks on the most awaited LOCH.
The artificial rally of LOFC had almost killed the retailer appetite for the whole LOLC group. According to some reliable news, Master decided to intervene in the situation and results were optimistic by the end of the week, stabilizing the prices of both CLC , LOFC counters in a decent manner.
Technical instruments indicate the end of the consolidation phase of CLC counter and can expect some fresh buying interest from tomorrow onwards. The market price of CLC is vital for the listing of LOLC ASIA in Singapore , in the first quarter of next year.
Much positive good news including a few disclosures with regard to local acquisitions, may drive CLC to (XXX) @ 3 level , just before the LOLC ASIA appearance Y 2022.
If an investor can buy 25,000 shares from the CLC and hold for just one year, the capital gain from the investment will be sufficient to buy a brand new vehicle in Y 2022.
The above structure is based on published information only. Undisclosed/sensitive information not included.
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