The mini wave 1-2 that I mentioned last week turned out to be the wave d-e of sub-wave iv after the 138 points drop on Thursday. Hopefully Dow can start its sub-wave v next week.
FBMKLCI (1,730)
It is possible that KLCI has ended the wave c of its sub-wave iv. Hopefully KLCI can start its sub-wave v next week.
EG Industries Bhd (Rm 0.855)
EG dropped continuously for 5 days from Monday to Friday. With this drop, it becomes necessary to modify my wave count from a a-b-c-d-e major wave 4 to a a-b-c-d-e-X-a-b-c major wave 4 as shown below.
Its correction since mid-February becomes the wave (ii) and is likely to have been completed.
Gadang Holdings Bhd (Rm 1.26)
Gadang is either forming the sub-wave ii of its wave (v) currently
Or it already completed its wave (v) and also its major wave 3. The current correction is the major wave 4.
But personally I feel that this option is less likely because its wave (v) is rather short. But nothing is impossible in stock.
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