🟢 2429.KL is trading 21% up today on a technical recovery following a recent limit-down plunge

2429.KL is trading 21% up today at $0.17, staging a sharp rebound from extreme selling pressure earlier in June when the stock hit Bursa Malaysia’s limit-down thresholds.

• The current move is characterized as a technical recovery following oversold conditions and prior forced selling, rather than a response to fresh company-specific announcements.
• The stock previously experienced a record one-day decline of up to 60%, which triggered short-selling suspensions that have since been lifted.
• Technical indicators show oversold momentum and heavy prior trading volume, which are consistent with a short-term price bounce.