Wednesday, July 16, 2014

KSL - minor wave iii ?


It is possible that finally KSL started its minor wave iii today. It added 13 sens to close at Rm 2.57. This possibility can be confirmed if KSL continues to move higher tomorrow with higher volume.


However, if it starts to come down tomorrow, it is also possible that sub-wave iii has been completed as shown below with a wedge formation.


Since it is very rare to have a wedge formation for any third wave, I personally think that the first option has a higher possibility.


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