Crude oil price is at the tail-end of its major wave 3.
It is likely that sub-wave iii of its wave (v) of major wave 3 has ended. I am anticipating a sub-wave iv rebound to US$40.
Dow (17,128)
Dow has a sharp 367 points drop (-2.1%) on Friday. It is likely that Dow is forming the wave e of (iv).
FBMKLCI (1,643)
KLCI dropped 12 points (-0.76%) on Friday. My reading for KLCI remained the same as what I have posted on Thursday.
Datasonic Group Bhd (Rm 1.53)
Dsonic announced on Tuesday that the Ministry of Home Affairs has awarded the company a contract of Rm 318 millions for the supply of 12.5 millions 'Passport Chips' for a period of 5 years from 1/12/2016 to 30/11/2021.
Has Dsonic completed its wave (ii) ?
EG Industries Bhd (Rm 1.03)
If major wave 3 has ended, EG may take a few months to compete its major wave 4. But if EG were to set new high next week, then the current correction could be the sub-wave i and ii of (v).
Inari Amertron Bhd (Rm 4.43)
If its wave (iii) has only 9 sub-waves, it is possible that its wave (iv) has started. It may take months to complete the (iv).
But if the wave (iii) has more than 9 waves, Inari is going to set new highs.
Insas Bhd (Rm 0.765)
Very likely Insas has just completed the wave a of its wave (ii).
MY E.G. Services Bhd (Rm 3.91)
To hkloon, MYEG is forming its wave vii.
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