KLCI has either completed its wave a of ii and its wave b rebound has started,
OR it has one more drop to go, the mini wave vii to complete its wave a.
EG Industries Bhd (Rm 0.84)
As I have mentioned previously, EG is curently forming its major wave 4. There is still a major wave 5 in front.
The main question here is whether EG has completed its major wave 4 ?
If EG can continue to move higher in the next few days, there is a high possibility that major wave 4 has ended in April and the next up is the sub-wave iii of wave (i) of its major wave 5.
Berjaya Corporation Bhd (Rm 0.365)
BJCorp has been moving down trend since April 2010. Has it completed its major wave C ?
There is a possibility that its major wave C has ended in August 2015 indicated by a reversal in its OBV.
The March 2016 price is lower than its October 2015 price but the March 2016 OBV high is higher than its October 2015 high.
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