EG Industries Bhd (Rm 1.01)

EG gained 8 sens (+8.6%) to close at Rm 1.01 today. From its January high of Rm 1.23 to its February low of 83.5 sens, it has formed 5 sub-waves (i-ii-iii-iv-v), the point at 83.5 sens has to  be either wave a or wave (i).

If it is wave a of 4, then the current up-trend is the wave b of 4.

But if it is wave (i), then the current up-trend is lightly to be the wave (ii) of a.

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