At the close of Monday trading session, Dow closed slightly above its upper resistance line, not a clear breakout. Nasdaq and S&P continued to pull away from their upper resistance lines. Dow has to follow right?
Candlesticks Chart indicates that Dow still stayed below its upper resistance, however chances is high that it will follow Nasdaq and S&P.
Wave
7 might have started, a breakout will confirm that.
If Dow were to go for wave
7, 8 and 9, it appears that KL Composite Index is also heading for wave 7,8 and 9. Under such circumstances, from now until Chinese New year (mid February), stocks should be able to move higher. The following stocks may be ready to move higher.
If Inch Kenneth can move up from here, the recent 44 sen low is the wave
2, I am looking for 60 sen and higher for its wave 3.
There is still a wave
5 for Green Packet
Major wave
(III) for KNM might have started, a breakout of its short-term upper trend line at about 82 sen will confirm the trend.
At the close of Monday trading session, Dow closed slightly above its upper resistance line, not a clear breakout. Nasdaq and S&P continued to pull away from their upper resistance lines. Dow has to follow right?
Candlesticks Chart indicates that Dow still stayed below its upper resistance, however chances is high that it will follow Nasdaq and S&P.
Wave 7 might have started, a breakout will confirm that.
If Dow were to go for wave 7, 8 and 9, it appears that KL Composite Index is also heading for wave 7,8 and 9. Under such circumstances, from now until Chinese New year (mid February), stocks should be able to move higher. The following stocks may be ready to move higher.
If Inch Kenneth can move up from here, the recent 44 sen low is the wave 2, I am looking for 60 sen and higher for its wave 3.
There is still a wave 5 for Green Packet
Major wave (III) for KNM might have started, a breakout of its short-term upper trend line at about 82 sen will confirm the trend.
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