Inari moved up strongly today with higher volume today, gaining 4 sens to close at Rm 1.97. It should move higher in the next few weeks to complete its mini wave 5, which can either be the end of its sub-wave i or its wave (iii).
Insas Bhd (Rm 0.94)
Hopefully Insas can move up in tandem with Inari, since it has 402 million shares of Inari or 0.6 share of Inari per Insas share.
In my previous posting, I was assuming the magnitude of mini wave 5 of sub-wave iii to be the same as that of mini wave 1. But if Insas were to move higher from its present level in tandem with Inari, then the magnitude of mini wave 5 is more likely to be the same as that of mini wave 3. This is similar to the wave form of its sub-wave i.
Under this scenario, mini wave 5 is likely to reach Rm 1.04 level, another 10 sens to go.
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