Sunday, May 20, 2018

Weekly Update

Dow (24,715)

Dow continues with its major wave 9 formation.


FBMKLCI (1,854)

As I have explained in my early posting, very likely KLCI is forming its sub-wave iv.



Insas Bhd (Rm 0.855)

Insas has started its major wave 5 formation.


EG Industries Bhd (Rm 0.51)

EG is forming its wave iv of C.


Priceworth International Bhd (Rm 0.275)

Pworth has completed its major wave 2 with an intraday low of 15 sens on the first trading day after the GE14. It is forming its major wave 3 at the moment.


Pworth will be having its EGM on next Tuesday (22/5/2018) to approve the proposed acquisition of Rumpun Capaian Snd Bhd  and the proposed Rights (2 for 1 @ 5 sens each) and Bonus Issue (1 for 2 rights subscribed).

Miscellaneous



It appeared to me that this gentleman is still don't understand why his party has lost the GE14.




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