Crude oil continues to form its wave (iv). Currently it is at its wave a of (iv).
Dow (18,576)
If Dow continues to move higher next week, then sub-wave iii is on with more new record highs in the process.
But, if Dow were to move lower next week, then it is forming its wave c of ii.
FBMKLCI (1,684)
KLCI continues to form its sub-wave iii.
Felda Global Ventures Holding Bhd (Rm2.03)
FGV looked extremely bullish with its last two candlesticks that made its latest correction a one degree lower mini wave 2 correction.
EG Industries Bhd (Rm0.85)
EG formed a 'dragonfly doji' on Thursday followed by a 'gravestone doji' on Friday, both the doji signs indicate an impending reversal. Will it start to form its mini wave 3 next week?
Berjaya Corporation Bhd (Rm0.345)
BJCorp after forming its peak in 2010 it has been moving in a down-trend direction.
By drawing straight lines joining the low points, it can be observed that the gradient of the down lines has become smaller and smaller.
And from the 2-year chart, one can see that if BJCorp can hold at 34 sens and above, the gradient becomes zero giving a 'double bottom' reversal pattern. My wave count indicates a possible completion of wave C at this level with the completion of sub-wave ix of (v). Is this going to be the final bottom for BJCorp after 5 long years?
This stock has been strongly recommended by Calvintaneng since 2014. Click 'Berjaya Corporation - The Berkshire Hathaway of Malaysia' for his article that was first posted in September 2014 and was posted again in February 2016.
Please bear in mind that some of the figures/statistic stated in this 2014 article might have changed in the last two years due to some corporate exercise taken by the owner of BJCorp.
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