Huat Ah

Dow (19,834)

After dropping 122 points on Monday, Dow dropped another 136 points after 1 hour of trading on Tuesday morning. Dow is likely to continue to move side way to lower to form its wave (vi) until early April.

FBMKLCI(1,671)

KLCI dropped 14 points today. With last week's surge, I have modified my wave count for KLCI. It is likely that KLCI is forming its wave (ii) corrective wave.

Insas Bhd (Rm 0.80)

I maintained my bullishness on Insas. It continues to form its mega wave (5) with an ultimate target of above Rm 2.00.

Insas has completed its mega wave (4) by September 2015. Since then it has form its major wave 1-2, wave (i)-(ii) and sub-wave i-ii.

Insas has started to form its sub-wave iii since early December 2016 and it is about to complete this sub-wave iii.

Berjaya Corporation Bhd (Rm 0.38)

I have mentioned previously that very likely BJCorp has completed its mega wave (2) correction after 7 long years of down-trend.

I have mentioned about the divergence between price and OBV. Today BJCorp managed to break its upper trend line after gaining 1.5 sens and in the process it has formed five mini waves indicating the direction of a new up trend.

If its sub-wave i has only 5 waves then the magnitude is about there unless it is going for nine waves.

.