Sunday, December 20, 2015

Weekend Update

Crude Oil WTI (US$ 34.72)

Crude oil price is at the tail-end of its major wave 3.


It is likely that sub-wave iii of its wave (v) of major wave 3 has ended. I am anticipating a sub-wave iv rebound to US$40.



Dow (17,128)

Dow has a sharp 367 points drop (-2.1%) on Friday. It is likely that Dow is forming the wave e of (iv).


FBMKLCI (1,643)

KLCI dropped 12 points (-0.76%) on Friday. My reading for KLCI remained the same as what I have posted on Thursday.

Datasonic Group Bhd (Rm 1.53)

Dsonic announced on Tuesday that the Ministry of Home Affairs has awarded the company a contract of Rm 318 millions for the supply of 12.5 millions 'Passport Chips' for a period of 5 years from 1/12/2016 to 30/11/2021.

Has Dsonic completed its wave (ii) ?



EG Industries Bhd (Rm 1.03)

If major wave 3 has ended, EG may take a few months to compete its major wave 4. But if EG were to set new high next week, then the current correction could be the sub-wave i and ii of (v).


Inari Amertron Bhd (Rm 4.43)

If its wave (iii) has only 9 sub-waves, it is possible that its wave (iv) has started. It may take months to complete the (iv).



But if the wave (iii) has more than 9 waves, Inari is going to set new highs.


Insas Bhd (Rm 0.765)

Very likely Insas has just completed the wave a of its wave (ii).


MY E.G. Services Bhd (Rm 3.91)

To hkloon, MYEG is forming its wave vii.



.

No comments:

Post a Comment