Upon the announcement by Tan Sri Khoo Kay Peng that His son Andrew Khoo will be taking over from him as the new CEO of Mui effective 1st January 2018, Mui was actively traded today with volume of about 32 millions. Its share price went to a high of 23.5 sens before settled at 22 sens at the close for a 1 sen gain.
I still like to maintain my existing wave count for Mui despite of the announcement. The current rebound is the wave
ii of its wave
C.
Unless I am wrong, I expect Mui to continue to move lower in the next 2 to 3 months to complete the wave
C of its major wave
2.
.
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