My current monitoring on Dow is to assume that Dow is forming a (I)-(II)-(III)-(IV)-(V) pattern until such time when there is sufficient signs to show that this assumption is wrong. For Dow to continue with its major wave (V) formation, Dow should not have correction exceeding 3% and the technical indicators must hover around the top. So far so good, non of the above rules has been violated. Thus Bursa Malaysia should be OK too.
Courtesy of www.flickr.comLatitude Tree reported a 2nd Quarter (ending December 2009) earning of 17.63 sens per share, which is almost identical with its 1st Quarter earning of 17.20 sens, that gives a half year earning of 34.83 sens. Can this means its full year earning is going to be 70 sens per share. With a net asset per share of Rm 2.95, the stock is rather cheap at today closing price of Rm 2.17.
If it can move above Rm 2.30 in its next run-up, its previous low at Rm 2.10 is the end of wave vi, then it is on its wave vii run-up.
Courtesy of jayceooi.com
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