Weekend Update - Dow, PJ Dev. Latitude Tree and MK Land

My two likely options for Dow remained the same.

For major wave (6) formation, wave b is about there. For zig-zag a-b-c formation, wave b cannot go too high.

But for sub-wave ii of the pessimistic mega-wave 2 formation, the current rebound can go for a 100% retracement to Dow's historical high of 16,576 level to form a double-top reversal pattern. Watch out for the double-top.

PJ Development (Rm 1.49)

Refer to my article on 16th November, 2013, after the 2 sens breakout above the 1.20 level on 15th November, the stock moved higher and then it dropped back to retest the 1.20 level before moving higher to complete its sub-wave iii.

 

On Friday, it gained another 6 sens with high volume to close above sub-wave iii. If the magnitude of sub-wave v is the same as that of sub-wave iii, sub-wave v and possibly wave (v) can end at 1.65 level.

PJ Development Warrant C closed at 65.5 sens on Friday, doubled its price of 33 sens in November. If the mother share were to add on another 25 sens, Warrant C might reach 90 sens. The fifth wave sometimes is quite unpredictable.

 

Latitude Tree (Rm2.66).

This is another stock that pulled away from its previous high with high volume.

It has to be the starting of mini-wave 3. Its wave (i) added 100%, and its wave (iii) added 150%. Can its wave (v) add on another 100%?

 

MK Land (Rm 0.435)

Another stock that has a break-out on Friday is MK Land. 

 

That is the sub-wave iii of wave (i) of its major wave 2.

Perception (Rm2.00)

Nancy Shukri, "Recently when I had tea in Kuching, there were 6 of us and it was only Rm12, is that expensive ?"

Well, 6 cups of tea at a Kopitiam (cannot be Starbucks or equivalent right?) for RM12, if you said it is not expensive, then it is not expensive loh. But for me that used to pay Rm1.50 for a cup of barley ice, at Rm2 that is another 33% increase in price. And if Nancy said that is 'sub sub sui', then it is 'sub sub sui' loh.

I have been shopping around, comparing prices, looking for value buy since I started working in 1975 and now ministers are teaching me how to compare prices and look for value buy. Sigh!

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