🟢 Tanco Holdings is trading 5% up today on technical rebound after 90% crash

Tanco Holdings is trading 5% up today at MYR 0.20 as bargain-hunters enter the market following a period of extreme volatility.

• The stock recently experienced a massive sell-off, crashing over 90% from its June 3 peak and repeatedly hitting limit-down levels.
• Market commentary suggests the current price action is a technical rebound in an oversold counter rather than a response to new fundamental developments.
• The recovery follows a series of sharp declines that saw the stock's valuation collapse significantly within a short timeframe.