Tuesday, May 14, 2013

Dutaland Bhd


A frustrating stocks in the last 3 years. A side way A-B-C-D-E major wave 2 movement with strong accumulation in the process.


From its 2009's bottom of 29 sen, it moved to 72 sen within 3 months for a 148% gain. For the following 3 years the price was being kept in a side way movement, while the stock was being accumulated.


Its stock price reached a low of 43 sen just before the 13th General Election to complete its wave E of its major wave (2).


The price closed at 50.5 sen today with comparatively higher volume.
Is this the starting of its major wave (3) ?
Only God knows.





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