stock price movement- sentimentally driven or fundamentally driven?

stock price is sentimentally driven, that is what i think
yesterday my friend sean compile some fundamental analysis on haio. i paste his calculation here.
i believe now, the price movement is more sentimentally driven than fundamental, so any calculation won't work. Today my chartist friend told me that from chart it shows very likely will drop to RM5.7.

so, barring the presumption that there is no account irregularities for haio, and no news that we are unheard of , the decision is to hold it.

	Final Div	Interim Div	Total Div	yoy total Div growth	yoy Interim Div growth	Cash Flow,i	Cash Flow,Div	Net Cashflow
2003	0.04		0.04	25.00%	25.00%	-590	40	-550	$2,771.36	NPV@15%
2004	0.05		0.05	140.00%	20.00%		50	50
2005	0.06	0.06	0.12	-33.33%	33.33%		120	120
2006	0.08		0.08	62.50%	62.50%		80	80
2007	0.13		0.13	207.69%	146.15%		130	130
2008	0.32	0.08	0.4	5.00%	0.00%		400	400
2009	0.32	0.1	0.42	N.A	N.A	7160	420	7580	$6,410.31	NFV@15%
Forecast Worst - Maintain Dividend at no share appreciation
	Final Div	Interim Div	Total Div	yoy total Div growth	yoy Interim Div growth	Cash Flow,i	Cash Flow,Div	Net Cashflow
2003	0.04		0.04	25.00%	25.00%
2004	0.05		0.05	140.00%	20.00%
2005	0.06	0.06	0.12	-33.33%	33.33%
2006	0.08		0.08	62.50%	62.50%
2007	0.13		0.13	207.69%	146.15%
2008	0.32	0.08	0.4	5.00%	0.00%
2009	0.32	0.1	0.42	-23.81%	0.00%	-6650	420	-6230	($979.90)	NPV@15%	No go
2010	0.32		0.32	0.00%	0.00%		320	320
2011	0.32		0.32	0.00%	0.00%		320	320
2012	0.32		0.32	N.A	N.A	6650	320	6970	($1,490.31)	NFV@15%	No go
Forecast Best - Dividend growth 5% p.a with share price appreciation 10% p.a
	Final Div	Interim Div	Total Div	yoy total Div growth	yoy Interim Div growth	Cash Flow,i	Cash Flow,Div	Net Cashflow
2003	0.04		0.04	25.00%	25.00%
2004	0.05		0.05	140.00%	20.00%
2005	0.06	0.06	0.12	-33.33%	33.33%
2006	0.08		0.08	62.50%	62.50%
2007	0.13		0.13	207.69%	146.15%
2008	0.32	0.08	0.4	5.00%	0.00%
2009	0.32	0.1	0.42	-20.00%	5.00%	$(6,650.00)	420	-6230	$341.12	NPV@15%	Ok
2010	0.336		0.336	5.00%	5.00%		336	336
2011	0.3528		0.3528	5.00%	5.00%		352.8	352.8
2012	0.37044		0.37044	N.A	N.A	$8,851.15	370.44	9221.59	$518.80	NFV@15%	OK