Dutaland has been moving side way since 2009 forming a complex corrective wave, its major wave (2). Its OBV is indicating strong accumulation in the last 8 years.
There is a possibility that the low at 40 sens in December 2016 is the bottom for Duta. In the next few days if Duta can move higher and can pull away from the 66 sens level, then the current run-up could be the wave (iii) of 3 of (3) with high volume and with great magnitude, an unmistakable dynamic run-up.
However if it is unable to move higher from its current level, at best, it is more likely that Duta is forming its major wave 4.
The worst case is Duta remains stuck in its mega wave (2) consolidation.
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