A penny stock with subsidiaries involved in property investment/development, stockbroking, 4-D gaming and travel & tours operation.
Olympia added 1 sen today to end the day at 18.5 sens with high volume. It is possible that it has found its bottom at 11.5 sens by end of December 2013. The strong OBV indicates that this stock has been under accumulation on its way down since 2011.
During the first 5 months of 2014, it has completed wave (i) - (ii) with very bullish overlapping sub-waves i to v.
Olympia started its wave (iii) with a bang with extremely high volume in May after it has announced good earning of 0.8 sen a share for its 3rd quarter ending March 2014. Its net assets is 33 sens per stock. Since then it has completed its sub-wave i - ii and mini wave 1 - 2.
It is very likely that mini wave 3 of sub-wave iii of wave (iii) started today with high volume of 24.9 millions share traded. Wave 3 of iii of (iii) is expected to be very dynamic with high volume. I hope I am right.
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