Dutaland Bhd (Rm 0.655) - Running a-b-c

Duta dropped another 1.5 sens today to close at 65.5 sens. The drop so far is bigger than what I have anticipated, that means my previous wave count is no longer valid.

Since the previous run up has only three waves, it has to be a 'b' wave, it is a running a-b-c wave (iv). And since the magnitude of wave (iii) is so much shorter than the magnitude of wave (i), very likely the current major wave 3 is going to have nine waves.

From the 30-minute interval chart, at this moment Duta is forming the mini wave 3 of c of (iv).

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