FGV added another up candlestick today. Very likely it has started its mini wave 5.
Insas Bhd (Rm 0.725)
Insas is forming the mini wave 5 of its sub-wave i of its wave (iii).
Wave (iii) has a possible target of Rm 1.10 if its magnitude is 1.618 times of its wave (i)'s magnitude.
Crude Palm Oil (US$628/m.ton)
CPO's price peaked in 2010. Since then it has formed 5 down-wave. If the current rebound is wave 6, the magnitude is about there. Then it is likely to move lower for the next 12 months to completed its wave 7.
However if it can continue to move higher, then the last low is likely to be wave A and the current up-trend is likely to be wave B. I think this option is of higher possibility.
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