Dow, FBMKLCI, KSL and FACB

Dow

Dow moved side-way in the last 5 trading days. The 2 possibilities that I have mentioned in my previous Sunday posting remained the same as shown below.

Dow is either forming its small wave iii of its mini-wave 3.

 

Or it is forming its mini-wave 4.

FBMKLCI

FBMKLCI is either continuing its sub-wave iv in the next two weeks,

Or if there is a Chinese New Year run-up, last Friday's low can be the mini-wave 2 of its sub-wave iii.

KSL Holdings Bhd (Rm 2.44)

KSL's chart looks bullish with high trading volume last week. If it continues to consolidate in the next few days, then it is forming its wave (iv).

However, if can move higher next week, then it is forming the sub-wave iii of its wave (iii), very bullish.

If KSL continues to move higher in the next several weeks, I believe its 4th quarter (Oct - Dec) earning may exceed 17 sens a share, giving a total of more than 63 sens a share for the whole of 2013. 

FACB Industries Incorporated (Rm1.35)

FACB's chart looks bullis. If it can close above Rm 1.38 tomorrow, then it is forming its sub-wave iii. With a cash backing of Rm 1.77 per share, its price should not stay below Rm 1.77.

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