Friday, November 13, 2009

Inch Kenneth, OSKVI and CNASIA


Inch Kenneth, after 3 days of consolidation, it put on 6.5 sen (15%) today to closed at 50.5 sen. Its wave 5 of (III) has started. If (III) has the same magnitude as (I), it can reach 59 sen. If it does not stop at 59 sen, its next stop is 74 sen.
OSKVI has punched through its 'double bottoms' neckline with high volume. It pulled back to touch the neckline yesterday at 80 sen, it moved up 2 sen today to close at 82 sen, is this the starting of sub-wave v? Its OBV is very strong. If sub-wave v has started, it will reach Rm 1.11 as its minimum target.

If this wave count is correct, its next wave will be the *** of sub-wave iii of wave 3 of major wave (III). Must watch this stock closely on Monday.

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