The Bursa Malaysia property index's wave v of its major wave 5 is on its way towards the 1700 level. That is another 20% up from its Monday's closing level of 1418. Hopefully Dow can hold for a few more months for it to complete its course.
Watch out for Glomac, it is an inverted head and shoulder and its is possible that its wave 5 has started.
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1 comment:
Hi Uncle Chan,
What are your thoughts on the direction for Global Oriental (GOB) technical wise. They broke a 5 year high this week on very high volume. Where do you see it going?
Thanks in advance,
James
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