Weekly Update

Dow (25,295)

Dow is forming the minor wave v of mini wave 9 of sub-wave v of wave (v) of its major wave 7. It has reach a possible turning point for the starting of its major wave 8 with a 15% pullback.

However instead of stopping at minor wave v, it is also possible that Dow can continue with its bull run by forming its minor wave vi, vii, viii and ix for its mini wave 9.

In fact after completed its mini wave 9 and its sub-wave v, Dow still can continue its bull run by forming sub-wave vi, vii, viii and ix for its wave (v).

FBMKLCI (1,817)

Assuming KLCI is forming the wave B of its mega wave (6)

KLCI at this moment is forming the wave (iii) of B.

If wave (iii) has only 9 waves, it is at the mini wave 7.

There is another more bullish wave count for KLCI that I have mentioned in August 2015 as shown below

But it was dropped subsequently because of the bearish sentiment in this country due to political situation, 1MDB issue and the weak Ringgit.

If KLCI can surge beyond its July 2014's high of 1,892 the alternative wave count is the major wave 5 formation.

Then the KLCI at this moment is forming the sub-wave iii of wave (iii) of its major wave 5.

ATTA Global Group Bhd (Rm 0.95)

Very likely ATTA is forming the wave B of (2).

From the 30-minute interval chart, it has one more up, the mini wave 5 of sub-wave iii of B.

Inari Amertron Bhd (Rm 3.69)

Inari continues with its major wave 7 formation.

It is about to complete the wave (vii) of  its major wave 7.

Insas Bhd (Rm 0.98)

Whether I like it or not, the correction since early July 2017 is the major wave 4 for Insas.

I have adjusted the wave count for major wave 3 as shown. there is a possibility that the major wave 5 has started. Conservatively I am looking at a target of Rm 1.80. And frankly speaking I am not satisfied with Rm 1.80 when I am considering the 402 million share of Inari that Insas is holding. That is 0.636 inari share per Insas share. At Inari's Friday closing price of Rm 3.69, the 0.636 share alone is worth Rm 2.34 without considering other assets and businesses of Insas

And I don't understand why the prices of Insas and Inari that used to move in tandem but started to move in an opposite direction since September 2017.

Initially I thought Inari was going to announce fantastic earning and Insas was going to announce very poor earning for quarter ending 30 September 2017. But by end of November when they announced their respective results, I was surprised to see Inari's earning at only 3.41 sens a share with net assets per share at Rm 0.45 whereas Insas's earning is 5.95 sens a share and net assets per share at Rm 2.41. I guess I just have to buy more Insas's share and hope for the best.

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