Monday, November 13, 2017

Malayan United Industries Bhd (Rm 0.215)

Mui dropped 5 sens (-19%) with 134 million shares traded on Monday after MY E.G. managing director Wong Thean Soon has denied that he is looking to take over Mui and he has disposed all his shareholdings in Mui.


My reading for Mui remained the same, it is currently forming its wave that has three waves.


After the completion of wave (ii) of B, there should be a wave (iii) to complete the B.  I expect the end of wave C of major wave 2 to go below 15 sens.

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