Keck Seng (Rm 7.08)
Referring to my previous article on Keck Seng dated 24th September, 2013, my wave-count for this stock remains the same, Keck Seng is forming its major wave 3.
It gained 59 sens (9%) today to close at Rm 7.08 on its mini-wave 7 of its sub-wave iii, of wave (v). This mini-wave 7 really caught me by surprise because I have assumed that sub-wave iii has only five mini-waves and has ended around Rm 6.40 to be followed by sub-wave iv's one month consolidation. Obviously I was wrong.
Pinehill Pacific ( 35 sen)
Previously known as Multi Vest Resource, since its peak in year 2000, PinePac has formed a big A-B-C-D-E corrective wave in the last 13 years.
It appeared to me that it has finally completed its mega wave (2) at the end of April, 2013. It then take another 6 months to complete its wave (i)-(ii) and sub-wave i-ii as shown below.
The stock gained 3 sens or 9% today to close at 35 sens and it has broken its 34 sen-resistance line with high volume. Is this the starting of its sub-wave iii of its wave (iii) of mega wave (3) ? For this wave iii of (iii) of (3), it has to be very dynamic with high volume in the next few sessions and it should be able to break its long-term resistance line at around 42-sen level.
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