Berjaya Corporation Bhd (Rm 0.485)
BJ Corp formed its first green candlestick after a week of correction. Is that the signal that mini wave 2 has ended ?
BJ Corp has been in the down trend since April 2010 forming the wave C of its mega wave (2). It may be too early to say that its mega wave (2) has ended, more confirmation is needed, but the bullish 5 little waves formation is a positive sign.
Bonescythe has a long writeup on this stock in September. Click 'BJ Corp - The Rise of The Empire' for the article.
If my reading is right and if the 47-sen level is indeed the base, it is possible that the mega wave (3) of BJ Corp has started. I am keeping my fingers crossed.
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