Monday, April 14, 2014

Property Index - wave v of major 5




The Bursa Malaysia property index's wave v of its major wave 5 is on its way towards the 1700 level. That is another 20% up from its Monday's closing level of 1418. Hopefully Dow can hold for a few more months for it to complete its course.


Watch out for Glomac, it is an inverted head and shoulder and its is possible that its wave 5 has started.


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1 comment:

  1. jamesApril 16, 2014 at 10:39 PM

    Hi Uncle Chan,

    What are your thoughts on the direction for Global Oriental (GOB) technical wise. They broke a 5 year high this week on very high volume. Where do you see it going?

    Thanks in advance,
    James

    ReplyDelete