I started to watch Dutaland's movement closely since mid-July when its volume started to pickup accompanied by a breakout in its OBV.
It is possible that June's low is the end of its long consolidation since mid 2009. With that conclusion, I have started to accumulate Dutaland since mid-July, purely based on technical reading.
Assuming March 2009's low is the bottom, a possible wave count for Dutaland is as shown.
Assuming the wave count is correct, Dutaland is currently forming its major wave 3. It has to break the upper trend line at around 65 sen.
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