Wednesday, January 6, 2010

Green Packet - Not as dynamic as has been expected


Green Packet currently is in the process of completing its fifth (5) wave of major wave (III) as shown above.

Its performance in the last two days was rather disappointed. I was expecting a higher volume for its sub-wave (iii), but the daily volumes traded so far were less than its volumes at sub-wave (i) . The volume must improve, or else its form may turn into some other pattern. However if its volume can go higher than that recorded during sub-wave (i) then it is definitely heading for Rm1.70

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