A little bit of everything: Dow, PWorth and KSL

Saturday, June 28, 2014

Dow, PWorth and KSL

Dow (16,851)

Dow continues to form its wave (xi). The next up-leg will be the mini-wave 5 of sub-wave iii of wave (xi).

Priceworth International Bhd (Rm 0.23)

PWorth started its mini wave 9 on Friday. Will it continue to form mini wave 10, 11, 12 and 13 before ending its sub-wave i or will it sub-wave i end at mini wave 9 to be follow by a higher degree sub-wave ii correction ?

Whatever is it, I am not going to move in and out of this stock until end of August before it announces its next quarterly earning for 3 months ending 30th June. I still like to maintain that this can be a goldmine where a Rm100,000 investment can turn into Rm 1 million. This is my personal opinion. You buy at your own risk. Nothing is 100% sure in stock investment.

KSL Holdings Bhd (Rm 2.30)

KSL's chart looks very bullish. It has a jump start on Monday with high volume and with a gap. It is kind enough to go for a 3 days pullback for those who has miss the train to jump in. On Friday it started to move again with a strong candlesticks. It appeared to me that it is going to cross Rm2.40 on Monday, forming the mini wave 3 of sub-wave iii of wave (iii). Let's wait until Monday to see whether it is really the very dynamic 3 of iii of (iii).

KSL is a very solid stock. For 3 months ending March 2013, its earning is 14.80 sens a share with net assets at Rm3.49 per share.

The long-term chart of KSL is an inverted head and shoulders pattern.

Looking at its long-term chart, KSL is currently forming its mini wave 3 of iii of (iii) of 3 of (3). Fantastic if my wave count is correct. As usual, I can be wrong too.