KLCI gained 6.79 points (+0.4%) today. Is this the first candlestick of sub-wave iii?
There is a possibility that sub-wave ii has ended with a a-b-c-d-e corrective wave.
Felda Global Ventures Holding Bhd (Rm1.90)
FGV came under profit taking today. If it can continue to move higher and unable to punch through its upper resistant line, very likely this is the mini wave 4 of its sub-wave iii.
But if it can punch through its upper resistant line, then its is forming a very bullish running a-b-c mini wave 2.
But if FGV continues to move lower, then I have no choice but to accept the possibility that sub-wave iii has ended with only 7 minor waves, wave ix is missing.
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