Dow closed the week with a new record high. Very likely it will proceed to complete its mini wave 3, 4 and 5. Hopefully there won't be any failure wave.
FBMKLCI (1,788)
KLCI will follow Dow closely to finish its sub-wave vii, viii and ix.
After that I expect both the indices to have their respective 15% pullback.
ATTA Global Group Bhd (Rm 1.45)
ATTA is flying. It started to surge again on Friday. It gained 10 sens (+7.4%) on record volume of 3.59 millions shares. Currently it is forming the mini wave 5 of its wave (iii).
If wave (iii)'s magnitude is equal to that of wave (i), Rm 1.65 can be the target. And if wave (iii)'s magnitude is going to be 1.618 times that of wave (i) then the target price can be higher at Rm 2.05.
ATTA WB outperformed ATTA again on Friday gaining 11.5 sens or +23% with a much higher volume of 9.68 millions shares. It closed at 61 sens.
Insas Bhd (Rm 1.04)
Insas continues to form its mini wave 4. It is expected to complete its mini wave 4 next week.
However, if Insas starts to move higher on next Tuesday or Wednesday, it is possible that in the last 4 trading days, Insas is forming the minor wave ii of its mini wave 3.
EG can be very bullish if it can move higher next week from its current level, it is going to form the mini wave 3 of its sub-wave iii of its wave (iii). Sub-wave i is a very bullish overlapping 5 waves.
My target price for the major wave 5 is Rm1.20 and above.
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