Dutaland, Priceworth and Pan Malaysia Corporation

Dutaland Bhd (Rm 0.795)

Dutaland has formed its sub-wave ix. Can this be the end of wave (i) of its major wave 3 ? Time will tell.

Priceworth International Bhd (Rm 0.23)

PWorth closed at 23 sens today. This 23 sens level marks the top of wave (i). Since a normal wave (iv) should not overlap wave (i) except within diagonal triangles, today's low may mark the end of wave (iv).

Pan Malaysia Corporation Bhd (Rm 0.305)

PM Corp at this moment is forming the wave (ii) of its major wave 5.

Today's surge with a record volume of 23 millions looks more like the sub-wave iii of wave (iii) as this volume is much more than those volumes in wave (i).

After reaching an intra-day's high of 32.5 sens, it dropped 2 sens to close at 30.5 sens due to heavy profit taking. This development brings out the question of whether today's high is the wave b of (ii).

Based on volume, the typical iii of (iii) volume, the current up should be the sub-wave iii instead of wave b of (ii). However, if PM Corp failed to move higher in the next two days and instead it starts to move lower, then I have no choice except to wait for the completion of wave c of (ii).


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MUI - Jumped 27%

Malayan United Industries Bhd (Rm 0.325)

Mui gained 7 sens (+27%) today with 144 millions shares traded.

In the last six years, Its stock price has been moving side way forming its A-B-C-D-E mega wave (2) that was finally completed by end of August 2013. In the next 10 months from August 2013 to June 2014 it completed its major wave 1-2. It took another 4 months until last week to complete its wave (i)-(ii). Finally the most juicy leg, the wave (iii) of the major wave 3 of the mega wave (3) started with a bang, it added 27% within a day accompanied by very high volume.

The catalyst -

1. Mui is said to have appointed Debutesq Group to sell its 390-room Corus Hotel Hyde Park London for Rm 1.06 billion.

2. Dr Yu Kuan Chon, owner of YNH Property Bhd is buying Mui.

Click 'Rumoured London Hotel Sale' for more information.


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Weekend Update

Dow (17,113)

When Dow went below 17,000 on Thursday, this sub-wave vi option became the most likely option. Friday's rebound is the mini-wave iv of c of sub-wave vi. I do not see any danger at this moment.

Dutaland Bhd (Rm 0.765)

I expect Dutaland to continue with its sub-wave ix next week.

KSL Holdings Bhd (Rm 4.66)

If KSL move higher next week, then it is forming its small wave vii.

However if continues to move side way next week, then KSL is either forming its minor wave (ii).

OR it is forming its mini-wave 4, a higher degree correction.

Anyway, by the time when sub-wave iii is completed KSL should be above Rm 5.00. At this stage it is too early to project what the price should be by the time when wave (iii) is completed or when major wave 3 is completed. There is still a long way to go.

My immediate interest for KSL is to see whether the company can make another 20 sens per share for its third quarter earning.

Click 'More Than 50% Upside' for the latest write up on KSL by Bemjamin2013.

Pinehill Pacific Bhd (Rm 0.42)

Pinepac is on its way to complete its wave c of sub-wave ii. If it has another 100% retracement, sub-wave ii can end at 35 sens. This is an excellent entry point.

Pan Malaysia Corporation Bhd (Rm 0.275)

Wave c is about to finish. I am looking at Rm 0.255 as the possible ending point.

Priceworth International Bhd (Rm 0.245)

PWorth is likely to complete its wave (iv) at the 23 sens level.

Berjaya Corporation Bhd (Rm 0.57)

BJ Corp gave a star performance on Friday. It added 5.5 sens (10%) with 204 millions share traded.

Its share price has been on a down trend in the last 4 years since 2010 April from its peak of Rm 1.78. It appeared to me that it has finally found its bottom in early June this year at Rm 0.47.

Click 'Berjaya Corp - The Rise Of The Empire' for a special report by Bonescythe.



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Dow - Another possibility

After 3 hours of trading, Dow dropped 238 points (-1.38%) to 16,971 on Thursday morning. With Dow going below 17,000, there is another possible wave count as shown below.

Dow has completed its sub-wave v in August. It is currently forming the wave c of an expanding a-b-c of sub-wave vi.


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Dow - Any Danger ?

Dow (17,055)

After 3 hours of trading on Thursday morning, Dow gained 92 points to stand at 17,148 level. If Dow starts to move up from here, I have 3 possible readings for Dow.

First possibility - Dow has just completed the minor wave ii of its mini-wave 3 of sub-wave v.

Second possibility - Dow has just completed its mini-wave 2 of sub-wave v.

Third possibility - Dow is forming a diagonal sub-wave v and has completed its mini-wave 1, 2, 3 and 4.

As long as Dow can hold above 17,000 level, I am not that worry. I expect Dow to set more record highs until early next year.

Golden Pharos Bhd (Rm 0.675)

It has completed its major wave 1 by end of July and is currently forming its major wave 2.

Olympia Industries Bhd (Rm 0.20)

It is forming the wave c of its major wave 2

KSL Holdings Bhd (Rm 4.87)

Small wave v is about there. This can be the end of either minor wave (i) or mini-wave 3 depending on the magnitude of the next pullback.

Priceworth International Bhd (Rm 0.26)

It appeared to me that PWorth is forming the wave c of its wave (iv)

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Weekend Update

Dow (17,279)

Mini wave 3 of sub-wave v is in progress. Expect to see more new record highs until wave (xi) is completed.

FBMKLCI (1,849)

KLCI is forming the sub-wave iv of wave (v).

Sub-wave iv is almost completed. It is currently forming the mini-wave 4 of wave c of sub-wave iv. One more drop to go, the mini-wave 5, to complete the sub-wave iv, if wave c has only 5 mini-waves.

KSL Holdings Bhd (Rm 4.67)

Minor wave v of mini wave 3 of sub-wave iii has started.

After the completion of mini-wave 3, there will be a corrective mini wave 4, follow by another up-leg, the mini wave 5 to complete the sub-wave iii. Can sub-wave iii end at Rm 6.00 ? Fatt-loh, KSL Warrant can reach at least Rm 4.40. (Conversion is Rm 1.60)

 

Dutaland Bhd (Rm 0.68)

Dutaland continues to form its major wave 3.

Currently it is forming the sub-wave vii of its wave (i) of major wave 3. This is only the wave (i) of its major wave 3. I hope I am right.

 

Pinehill Pacific Bhd (Rm 0.465)

Pinepac has completed its wave (i) and (ii).

Wave (iii) is in progress. Since wave (ii) has a 100% retracement, wave (iii)'s magnitude is either equal to 1.618 times or 2.618 times of wave (i), so the possible magnitude is either equal to 1.618x16 sens or 2.618x16 sens.

Wave (iii) will end either at 61 sens or at 77 sens. Again I hope my wave count is correct.

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Dow - More new highs until first quarter 2015

Dow moved into record territory on Thursday morning. After about 80 minutes of trading, Dow gained more than 80 points to move above 17,200 level.

Mini-wave 3 of sub-wave v of wave (xi) in progress. More new records are expected until wave (xiii) is completed, most likely during first quarter of 2015.

Be very very careful when wave (xiii) is completed as that can be a major turning point.

If major wave (5) ends at wave (xiii), the following pullback can either be the major wave (6),

 

OR it can be the mega wave 2 correction.

Until then

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Don't worry, be happy.

FBMKLCI (1,847)

KLCI is forming the sub-wave iv of wave (v) of major wave 3.

Monday's drop is the small wave 3 of wave c of sub-wave iv.

KSL Holdings Bhd (Rm 4.54)

KSL is forming its wave (iii) of major wave 3 of mega wave (3).

Within its wave (iii), it is currently at its minor wave iv of mini wave 3 of sub-wave iii. Still a long way to go.

Kenanga has estimated an earning per share of 78 sens for 2014 and 97 sens for 2015. Its fair value given by Kenanga is Rm 6.63, another Rm 2.09 to go from Monday's closing of Rm 4.54.

Click 'Kenanga' for details.


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Weekly update

Dow (17,049)

Dow is forming the mini wave 2 of sub-wave v of wave (xi). No danger yet. The subsequent wave (xii) and wave (xiii) can last until first quarter of 2015. Be extremely careful when wave (xiii) is completed as that can be a major turning point.

FBMKLCI (1,855)

KLCI is forming the sub-wave iv of wave (v).

KSL Holdings Bhd (Rm 4.59)

The 36 sens (+8.5%) surge is the minor wave iii of mini wave 3 of sub-wave iii. Still a long way to go. If its next 2 quarter earning can be the same as its first 6 months earning of 36.3 sens a share, its 2014 earning should be in the region of 70 to 80 sens a share. Its net assets is Rm 3.70 a share.

Pinehill Pacific Bhd (Rm 0.38)

After completing its mega wave (1) in year 2000, Pinepac moved side way for the next 14 years to form its A-B-C-D-E mega wave (2).

 

From May 2014 to end of June 2014 it has completed its major wave 1 and 2. 

In early July it surged to 52 sens to form its wave (i) and it has completed its wave (ii)  last week. It added 2.5 sens today, is that the starting of wave (iii) ?

Only Dr. Mahathir can say these :

Click 'Dr. Mahathir 1' and 'Dr. Mahathir 2' for the articles.


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