Perak Corp surged with high volume and gained 34 sens (+13.4%) to close at Rm 2.88 today. My wave count on 19th June for this stock has to be modified with this development.
The wave count for its long-term chart remains the same. A double-bottom with mega wave (I), (II) and major wave (1) and (2) completed.
My current wave count for major wave (3) is as shown below.
Perak Corp is forming its mini-wave v at this moment.
FBMKLCI
It has to be led by Dow and in tandem with other Asian bourses.
FBMKLCI is currently forming the sub-wave iii of wave (iii) of major wave 3, it has to be very dynamic with high volume. But so far the market is half-death with unimpressive volume as the index moving towards 1800 level. No sign yet.
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