Tuesday, February 2, 2016

Emico Holdings Bhd (Rm 0.325)







Out of the two possibilities that I mentioned on January 10, the major wave 4 correction turned out to be the right scenario.


It appeared to me that Emico has completed its major wave 4 and it is forming the major wave 5 of its mega wave (3).

Looking at the magnitude of mega wave (1) as shown in the 5-year and 20-year charts, very likely mega wave (3) is going to have 9 major waves.


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