Dow - Continues its wave (ix)

After dropping for 5 consecutive days, Dow gained about 40 points after 2 hours of trading on Thursday morning.

It is possible that sub-wave ii of wave (ix) has been completed. Sub-wave iii will see Dow setting new record highs.

TA Enterprise Bhd (69 sen)

TA gained 4.5 sens (+7%) to close at 69 sen today. Its OBV recorded a new high, a breakout with high volume.

 

From its 1998's bottom, TA took 15 years to complete its mega wave (I)-(II) and major wave (1)-(2).

 

By the end of last month, it has completed its wave (ii) at 55 sens.

 

I was actually looking for a five mini up waves with low volume to confirm the starting of its wave (iii). However, the candlesticks and the volume in the last  two sessions really surprised me. Instead of having the mini wave 5 to end at 63 sens and to pull back to 59 sens for a good entry point, it moved higher for two days to close at 69 sens. Now I have to wait for the sub-wave ii correction. Hopefully it can go down to 63 sens to close that small gap before starting its sub-wave iii. 

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