Bursa Malaysia Stocks

My friend asked me to have a look at Jaks, an analyst from an Investment Firm valued it at Rm2.00

Jaks's OBV is excellent and has set a new high today. A possible wave count is as shown.

If the wave count is correct, it is very bullish. It has completed wave (I)-(II), 1-2 and (i)-(ii), it has started its sub-wave (iii) today. It should be heading for at least 95 sens tomorrow, if the wave count is right. For a bull run, it has to break its long-term upper resistance at Rm1.00.

Green Packet appears to be in a similar wave count.

Wave (I)-(II), 1-2 and i-ii, the only question is whether its sub-wave iii has started.

HPI is somewhere in its sub-wave iv, one more sub-wave to go to complete its wave 5.

KNM still happily drifting in its wave 2 wonderland.

Since June 2009, KNM has been consolidating in a side way movement. Looking for a breakout of its upper resistance line. It can also breakdown to a lower level.

HaiO has one more surge to complete its wave 5. Rm5.00 can be the target.