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).
.
No comments:
Post a Comment