If Dow is not heading for the big C and Bursa Malaysia Industrial Index is forming the (I)-(II)-(III)-(IV)-(V) wave form as shown below.
Mtouche can be interesting to watch based on wave count. I wouldn't want to talk much about its fundamental, earning is poor and asset backing is equally poor but its OBV is very strong and the company has been buying back its stocks from the open market. Any surge to above 28 sens can be the begining of a new story. Failure which it will continue to move up and down within the channel.
For GPacket Rm 1.10 could be a strong support level to form its wave (IV), there is one more wave (V) to go as shown.
No comments:
Post a Comment