Wednesday, July 18, 2018

EG Industries Bhd (Rm 0.535)

Is EG forming a big inverted 'Head and Shoulder' pattern ?


EG is either at the tail-end of its mega wave (2) or it has just completed its mega wave (2).

For inverted head and shoulder, possible price target after breaking the neckline is one length up with magnitude same as that from its bottom to the neckline. This is the minimum target.


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