Lee Swee Kiat surged 40%

FBMKLCI (1,778)

KLCI is forming the wave a of its mini wave 2. I am expecting a wave b rebound.

Lee Swee kiat Group bhd (Rm 0.315)

Leesk gained 9 sens or 40% to close at 31.5 sens. The surge really caught me by surprise, as I have expected a 3 to 4 days of consolidation to complete its mini wave 4. With this surge, the one day correction can no longer be considered as mini wave 4, it is more likely to be a lower degree minor wave ii of mini wave 3 as shown.

 

The 9 sens surge with record volume is the minor wave iii of mini wave 3 of sub-wave iii of wave (iii).

Looking at the 10-year chart, it is the minor wave iii of mini wave 3 of sub-wave iii of wave (iii) of major wave 3 of mega wave (3). The 40% surge is fully justified.

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