Sunday, October 16, 2016

Weekly Review

Dow (18,138)

Dow has either completed its wave (iv) or it is at the tail end of its wave (iv).

If Dow can continue to move higher from its current level, very likely it has completed its wave (iv).

But if Dow still has some down side to go, then it has yet to complete its wave E of (iv).

FBMKLCI (1,658)

If KLCI can move higher from its current level, it is possible that it has completed its major wave 4 with a failure mini wave 5. This is an optimistic assumption.

More likely KLCI will continue to move lower to complete its mini wave 5 and wave c at some level closer to its wave a.

EG Industries Bhd (Rm 0.88)

Very likely EG has finally managed to complete the wave (ii) of its major wave 5.

It is likely to move higher forming its wave (iii) of 5 with new record high OBV.

A cheque from CIMB

CIMB (Touch N Go Department) has sent me a cheque recently to refund me fifty Ringgit.

Is this the new way of writing a cheque - 'Fifty Point 00 Only' ?


Wednesday, October 12, 2016

FGV and Insas

Felda Global Ventures Holding Bhd (Rm 2.39)

FGV added another up candlestick today. Very likely it has started its mini wave 5.

Insas Bhd (Rm 0.725)

Insas is forming the mini wave 5 of its sub-wave i of its wave (iii).

Wave (iii) has a possible target of Rm 1.10 if its magnitude is 1.618 times of its wave (i)'s magnitude.

Crude Palm Oil (US$628/m.ton)

CPO's price peaked in 2010. Since then it has formed 5 down-wave. If the current rebound is wave 6, the magnitude is about there. Then it is likely to move lower for the next 12 months to completed its wave 7.

However if it can continue to move higher, then the last low is likely to be wave A and the current up-trend is likely to be wave B. I think this option is of higher possibility.


Monday, October 3, 2016

Dow and KLCI

Dow (18,308)

If Dow can move up from its current level, then it is possible that sub-wave ii has ended with a failure e.

But if Dow continues to move lower for another 5 to 10 days, then it is forming its wave (iv).

FBMKLCI (1,652)

KLCI continues to form its mini wave 5 of c.

Felda Global Ventures Holding Bhd (Rm 2.34)

FGV is forming its mini wave 4.