Weekly update

Dow (17,888)

If Dow can hold around its current level, it remained possible that the current consolidation is the wave (iv).

 

However, if Dow continues to move lower next week, then it becomes more likely that Dow has completed its mega wave 1 in early 2015 and the current down trend is the wave C of its mega wave 2.

FBMKLCI (1,648)

I am not sure whether KLCI is forming its major wave 4

Or it has completed its major wave 4 in 2015 and it has been forming its a-b-c-d-e wave (ii) since October 2015.

 

Felda Global Ventures Holding Bhd (Rm 1.93)

FGV is either going for a seven wave sub-wave ii

Or 5-3-5 a-b-c sub-wave ii.

EG Industries Bhd (Rm 0.84)

It appeared to me that EG has completed its major wave 4 in October at 82 sens. As long as EG can hold above 82 sens it is possible that it has started its major wave 5.

Insas Bhd (Rm 0.71)

Insas is about to complete its sub-wave ii.

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