Wednesday, January 21, 2015

FBMKLCI - Wave 5 in the making ?

FBMKLCI (1,770)

KLCI gained 20 points (+1.1%) on Wednesday. The last minute push-up of component stocks has contributed to most of the gain, but when looking at the chart, this is part of the human factors that contribute to the final form of a chart.

It is very likely that major wave 5 is in the making.


Blue chips may take the lead at the beginning of the major wave 5, I hope second and third liners will follow soon.



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