Dow - Up trend continues

Dow (17,581)

Dow added 108 points to 17,690 after 90 minutes of trading on Wednesday morning.

Dow appeared to be heading for 18,000 level to complete its mini wave 3 of sub-wave iii.

FBMKLCI (1,686)

KLCI is either forming its mini wave 2 corrective wave.

Or it is forming a higher degree a-b-c sub-wave iv, if the next run-up failed to go beyond 1,720 level.

EG Industries Bhd (Rm0.715)

EG put on a strong candlestick to close at 71.5 sens. I guess sub-wave v of wave (iii) has started.

Insas Bhd (Rm0.80)

Insas is forming the sub-wave iv of its wave (i) currently. This sub-wave iv may end any time.

Insas still has a long way to go to complete its major wave 5

LCTH Corporation Bhd (Rm0.72)

LCTH has a bullish engulfing candlestick today. Very likely this is the starting of its mini wave 5 of sub-wave iii.

Felda Global Ventures Hld Bhd (Rm1.71)

Some of my friends have been talking about this stock with both negative and positive opinions.

Technically (of course I can be wrong too), at a glance, it appeared to form a bullish (i)-(ii), i-ii pattern. I would say, if it could move above Rm1.82 with high volume within the next few days and could proceed to break Rm1.90, then it could be (i)-(ii), i-ii.

However, if it moves lower to below Rm1.65 in the next few days, then the rebound since early September can be just a technical rebound on its down-trend movement from above Rm5.00 since its listing in 2012.

Buy at your own risk and be prepared to cut lost if the direction is wrong.

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