Dow is forming its sub-wave iii.
FBMKLCI(1,710)
If KLCI has completed its mini wave 2, it will start its mini wave iii next week.
If it has yet to complete its mini wave 2, then hopefully it can complete its mini wave b and c of mini wave 2 by next week.
Inari Amertron Bhd (Rm3.70)
The main question now is whether its current up-trend has ended?
If it has ended, then there is a possibility that it has completed its major wave 1.
But if its current up-trend can go beyond its upper trend line.
Then currently Inari is forming its sub-wave iii of wave (iii), it still has a long way to go to complete its sub-wave iii.
Insas Bhd (Rm0.815)
Insas has completed 5 mini waves so far, whether it will go for its 2-week sub-wave iv correction or whether it will move higher to form 9 mini waves, it depends whether Inari can break its upper trend-line.
One has to keep in mind that the major share holder, Thong Kok Khee, currently holding 34.04%, has to sell another 6 million shares in order to reduce his holding to below 33%.
EG Industries Bhd (Rm0.665)
EG gained 5.5 sens (+9%) on Friday with very high volume to form its sub-wave iii of wave (iii) of major wave 3.
Its long term chart looked very bullish with (1)-(2), 1-2 formation.
Another stock with a similar formation is Asiapac.
Hopefully once it has completed its sub-wave ii, it will start its sub-wave iii like EG.
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