My reading for Dow remained the same, it is on its way to complete its major wave 7.
FBMKLCI (1,803)
If KLCI can move in tandem with the Dow, it will move higher to complete its major wave 5.
However, if KLCI failed to move in tandem with the Dow due to the weak ringgit and other local political and financial issues, it is possible that KLCI may continue to move lower in the medium term to complete its mega wave (6).
Inari Amertron Bhd (Rm 2.21)
If Inari has already completed its mega wave (1), it is on its way to form its mega wave (2). It is either a 'double-top' reversal scenario.
Or it is heading for a 'head and shoulder' reversal pattern.
It is also possible that the last high is not the end of its major wave 9, it is the wave (i) of its major wave 9, the current correction is the wave (ii) of 9.
Insas Bhd (Rm 0.835)
It remained possible that Insas is forming the wave i-ii of its major wave 5, but it needs to move higher again pretty soon to confirm its wave iii. I hope my reading is correct.
.
No comments:
Post a Comment