TA Enterprise opened with a gap and surged with high volume last Wednesday. The chart pattern in the last 3 days looked interesting.
Looking at its 20-year chart, it has its bottom formed in 1998. Since then it has completed its mega-wave (I) and (II) and major wave (1) and (2) as shown below.
It is possible that major wave (3) has started and it has completed its sub-wave (i)-(ii)-(iii) and sub-wave (iv). The question here is whether last Thursday's high of 66 sen is the end of sub-wave (v) and wave 1 (Option 1). Under this Option, TA will not be able to break the 66 sen level and it is likely to drop back to 56 sen or lower.
However if TA is able to go higher than 66 sen in the next few days, then last Thursday's 66 sen high is the mini-wave i of sub-wave (v). Can today's low of 61.5 be the mini-wave ii ?
In a lighter mood
.
No comments:
Post a Comment