Thursday, October 16, 2014
FBMKLCI - My two options remained the same
FBMKLCI (1767)
FBMKLCI dropped another 19 points to 1767 but the two possible options I mentioned previously still hold.
KLCI is either going for a-b-c major wave 4 with more pullback for c.
OR it is going for a-b-c-d-e major wave 4 where c can end any time.
Berjaya Corporation Bhd (Rm 0.47)
BJ Corp dropped below the 49 sens level and my (i)-(ii), i-ii wave count no longer hold. The revised wave count is as shown below. The forming of major wave C since 2011 has not yet ended but may end any time.
The owner of BJ Corp has been buying this stock around its current level.
KSL Holding Bhd (Rm 3.77)
KSL is forming its wave (iv) currently.
It is very likely that it is forming only the wave a of wave (iv). Next up is likely to be its wave b of (iv).
Priceworth International Bhd (Rm 0.18)
My wave count for PWorth remained the same. It is forming its wave (ii) with a possible low of 16 sens for a 100% retracement.
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