EG Industries Bhd (Rm 0.70)

EG reported an improved earning of 3.61 sens a share for its latest quarter. Its previous quarter earning was only 1.4 sens a share. Its share price opened with a gap up and closed the day gaining three sens. The gap at the bottom is usually being considered as a run away gap. Very likely EG is on the wave (iii) of its mega wave 5. Its wave (ii) has ended with a 100% retracement.

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