Karambunai, Malton and YTLE

Karambunai

Karambunai after resting for three weeks, it put on 6 sens (50%) to close at 18 sens today. In its previous surge, it broke its minor double bottoms neckline at about 12 sens. Its major double bottom neckline is at 26 sens. If it can break the 26 sens level, the minimum target is 46 sens.



If Karambunai can continue to run on next Monday, then it is at sub-wave (iii) of wave iii of 3 of major wave (III) as shown above.

However, if it starts to pull back next Monday, then it is likely that today's surge is the wave b of wave ii, wave iii has not started yet as shown below.

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Malton

Malton gained 3 sens to close above its 70-sen neckline for the first time at 73 sens. It may take a short breather at this level before it continues with its journey to its minimum target of about 113 sens.


Malton is currently forming its wave 3 of its major wave (III).

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YTLE

As shown above YTLE is forming its sub-wave iii of wave 3 of its major wave (V). It gained 19 sens (15%) to closed at Rm1.48 at the end of today's trading session.

An old song that most people have forgotten