Crude Oil (WTI) is about to complete its major wave 4 rebound. A possible ending point is the 64.00 level.
Dow (23,422)
Very likely Dow has ended its mini wave 7 and is undergoing its mini wave 8 correction.
FBMKLCI (1,742)
KLCI is forming the mini wave 5 of its sub wave i.
Inari Amertron Bhd (Rm 2.89)
Inari is about to start the mini wave 5 of its sub wave v of wave (vii).
Insas Bhd (Rm 0.98)
If Insas can move higher next week, that should be the minor wave iii of its mini wave 3 of sub-wave i.
One of the Director and major share holder (23.95%) of Insas, Dato' Sri Thong Kok Khee (TKK), after informing Bursa Maaysia on 20 October of his intention to deal in the securities of Insas during the closed period (pending the announcement of Insas's quarterly result), TKK sold a total of 2,224,600 shares of Insas Warrant-B from 27 October to 7 November in the open market. From his direct holding of 2,904,600 shares of Warrant-B, he sold 2,224,600 and he left with only 680,000 shares. But he is not selling any of his indirect holding of 83,414,970 shares of Warrant-B.
Why was he selling his Warrant-B continuously over 8 consecutive trading days? Only he can answer this question. Whatever reasons given by others are mere speculations.
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