Ekovest - head and shoulders

From Ashikaga Garden, Japan

The current pullback for Dow can either be mini wave ii of sub-wave 7 or it can be sub-wave 8 if it drops below 12,000.

At this moment, Pworth has a bullish wave count of (I)-(II), 1-2 and i-ii. Quite hard to believe that this is the reading at a time when Dow is about to end its major wave B, and I always believe when Dow started to plunge, the whole world will follow. Pworth has a medium term 'Double Bottoms' and a longer term 'Triple Bottoms' formation. A surge over 71 sens may bring it to the Rm1.00 level. Just wonder whether it has time to complete its pattern.

Ekovest looked rather bearish, it closed below its 'Head & Shoulders' neckline today. Once it started to pull away from the neckline, it is likely to drop to Rm 2.20 or below to complete its 'Head and Shoulders' journey down South.

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