Wednesday, December 30, 2009

Green Packet - Watch Out


Green Packet definitely has one more wave to go, the fifth wave of (III). The only question is whether wave 4 has been completed as shown, or it has yet to complete the 4 and has to come down to Rm 1.05 again to touch the neckline one more time.

Judging from today's candlestick and the accompanying volume, chance is high that it has started its wave 5 as shown above. Next two days movement should be able to show the direction. My minimum target for wave 5 is Rm 1.70, hopefully it can go above Rm 2.00.

OK, just sit back and appreciate the wonder of nature

Courtesy of magickriver.blogspot.com

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