Insas Bhd (Rm 0.89)

Very likely the last two days of consolidation is the minor wave iv. Insas may stay at the current level for another day or two before moving higher again to form its minor wave v of its sub-wave iii.

The extreme high volume is a typical wave iii of iii of (iii) of 3 scenario.
 

Looking at the 10-year chart, Insas is on its sub-wave iii of wave (iii) of major wave 3 of mega wave (5).

In stock, anything can happen. Even though this is unlikely, but if Insas is unable to hold at its current level and start to move lower in the next few days to around 82 sens level, then  Insas is forming its wave (iv).

This scenario is possible but unlikely because of the high volume in the last few days. Wave b can never have the highest volume.

Hopefully this second scenario can be ruled out by Friday. All I need is another surge to above 93 sens to confirm the very bullish first scenario.


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