Dutaland Bhd (Rm 0.665)

Duta was actively chased up to Rm 0.70 before heavy profit taking in the afternoon to limit the gain to only 1.5 sens.

With this surge and with the high volume of 25 millions share achieved, it appeared to me that Duta is forming the mini wave 3 of its sub-wave iii at this moment.

The 30-minute interval chart has shown that Duta may have completed its minor wave i-ii. If Duta can start to move higher tomorrow, the volume is likely to be higher than 25 millions as it will be the minor wave iii of mini wave 3 of sub-wave iii of wave (iii) of major wave 3.

If Duta failed to move higher than Rm 0.70 tomorrow, another possibility is that minor wave ii is not yet completed. Today's closing low is only the wave a of ii. It may need one more day to complete the a-b-c of ii.

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