Dow is currently forming the wave e of its wave (xii). Wave (xii) can be unpredictable, it may fall short or it may over-shoot the lower trend-line at around 16,000 level. The next up-wave, wave (xiii) may bring Dow to above 17,000.
Hopefully, wave (xii) can be completed before end of May.
Advance Synergy Bhd (ASB) (Rm 0.185)
ASB added 4 sens (27%) to move from 14.5 sens to 18.5 sens with high volume in the last two trading sessions.
Is this the starting of its major wave (3) ?
After forming its bottom in 2009, by end of 2013, ASB has completed its major wave (1) and (2). From September 2013 to March 2014, its has completed its sub-wave i & ii.
It is currently forming the mini wave 3 of its sub-wave iii of its major wave (3).
ASB is about to announce its 2014's 1st Quarterly (January to March) earning. For its 4th Quarter ending 31st December 2013, ASB lost 3.16 sen per share. Its Net Assets per share is 0.86 sens. It has a net cash backing of 9 sens per share.
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