Golden Pharos - It is mini wave 3

Golden Pharos Bhd (Rm 0.955)

GPharos added 14 sens (+17%) to close at 95.5 sens today confirming the mini-wave 3 option with high volume. Today's candlestick is the first candlestick of mini-wave 3, still a long way to go, but watch out for the unexpected. In stock market, nothing can be 100% sure.

Pan Malaysia Corporation Bhd (Rm 0.24)

PMCorp added 1.5 sen (+6.6%) today to close at 24 sens. Wave (v) in progress.

If PMCorp continues to move higher tomorrow, then it is likely that it has just completed its mini-wave 1-2 of sub-wave i of wave (v). Mini-wave 3 has started.

However, if PMCorp fails to move higher and starts to move side way, then it is forming a higher degree sub-wave ii of wave (v). Sub-wave iii run-up has to wait for a while.

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