While the overall consumer spending in bangladesh has been declining, Smartphone sales was three times lower. overall there is a huge liquidity waiting below all time low.
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General People of Bangladesh are main user of Walton products now started Boycotting walton. I would not hold any position of walton at this moment. Potential Sell off coming? Please let me know what do you think on the comment.
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The analysis was right on mark. Walton is still going down. I will be doing another analysis when i see something interesting or any buying opportunity comes.