Since September 2011's low (1,331), FBMKLCI has been forming the major wave 3 of its mega wave (5).
Currently it is at the tail end of major wave 3, at end of wave c of sub-wave iv of wave (v).
Mini-wave 5 of wave c is about to end anytime.
Berjaya Corporation Bhd (Rm 0.545)
Next up will be the sub-wave iii of wave (iii).
Dutaland Bhd (Rm 0.745)
Wave (i) has ended. Wave (ii) in progress.
KSL Holdings Bhd (Rm 4.43)
Mini-wave 4 is about to end. At the end of the trading session the company announced a one for one bonus issue. Mini-wave 5 is sure to start tomorrow.
Malayan United Industries Bhd (Rm 0.29)
Same as BJ Corp, next up is the sub-wave iii of wave (iii).
Priceworth International Bhd (Rm 0.21)
Since the stock price has gone lower than 23 sens, the top of wave (i), I have to revise my wave count as shown below. The last high is the major wave 1, major wave 2 in progress.
Pan Malaysia Corporation Bhd (Rm 0.28)
Based on the record volume, I still think that PM Corp is at its wave (iii) currently. The next up will be the sub-wave iii of wave (iii).
However, if the stock price continues to go lower, the following wave count is the next possibility.
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