Dutaland gained 5 sen today to close at 54.5 sen. It is a very dynamic mini-wave v (+10%) with high volume, 7.3 millions shares were traded.
By Elliott wave principles - A five waves advance indicates the direction of the major trend and in this case the overall trend is UP and it can be the mega wave (3).
Property sector is the best performed sector today with a gain of 5.24% followed by construction that gained 2.17%. Finance, plantation, consumer product and all the other sectors were up by less than 1%.
Property index is forming its sub-wave iii of wave (v) of its major wave (3).
Construction Index has to break the upper resistance at 340 level to have a strong run. If it fails to break away from the 340 level, the next high could be the major wave D.
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