As I have mentioned before, very likely BJCorp has ended its 7 years of downtrend since 2010 at the end of 2016 when there is a divergence between the downtrend stock prices and uptrend OBVs.
Since early early 2017, BJCorp has completed its wave (i) and wave A of (ii). Currently it is forming its wave B of (ii).
Since starting of November, BJCorp has moved up strongly from 33 sens to 41 sens (+24%) with high volumes. It closed at 39.5 sens today. It is highly possible that BJCorp has completed its wave B, if it starts to move lower in the next few weeks from its current level.
Inari Amertron Bhd (Rm 2.83)
If Inari can start to move higher, that should be the mini wave 5 to end its wave (vii).
However if it continues to move lower, whether I like it or not, it has already completed its wave (vii) and has started to form its corrective wave (viii).
Insas Bhd (Rm 0.93)
Insas has punched through its lower support of 96 sens on Tuesday and it continued to move another 2 sens lower today to close at 93 sens. I have no choice except to revise my wave count slightly.
At this moment, Insas is forming the mini wave 3 of its sub-wave iii of its wave c of wave (iv) as shown.
Hopefully my long term reading for Insas is correct with target price of Rm 1.80 before end of 2018.
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