Monday, June 10, 2013

Bursa Malaysia - Property sector.



An update to my previous post dated 9th May 2013,



Since 9th May 2013, the property index has gained another 11% to 1,472 at the close of today's trading.



It is likely that mini wave iv has been completed. Mini wave v has the potential of gaining another 20% to 1750 level.

Perak Corp (Rm2.57)


Within a month, Perak Corp managed to punch through its neckline, gained 89 sen (+53%) and confirmed the double-bottom reversal.


Perak Corp gained 22 sen today with record volume confirming the dynamic nature of mini wave iii of sub-wave (iii) of wave 3. Technically it has a minimum target of about Rm6.00 within 2 years.


Malton (Rm 0.835)



Malton moved from 56 sen to 83.5 sen within a month for a 49% gain.




Same as Perak Corp, Malton started its mini wave iii of sub-wave (iii) of wave (3) with fantastic volume. It has a minimum target of Rm1.35, about another 50 sen (+60%) in front. It is highly possible that it will move beyond Rm1.50.



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