My reading for Dow remained the same. It is either on its wave iv of C of its major wave 8. The magnitude of wave iv is about there. Wave v should start soon to complete the C.
Or it is forming the wave D of its major wave 8 if Dow can have a small pullback early next week to complete the mini wave 4 follows by another run-up to form the mini wave 5 to complete the wave i of D.
FBMKLCI (1,683)
My reading for KLCI also remained the same. It is either forming its major wave 5.
If KLCI can continue to move higher next week, one possibility is the forming of mini wave 3.
Or it is forming the wave C of its mega wave (6).
USD/MYR (4.0960)
Malaysian Ringgit is strengthening against the USD.
This is positive for Bursa Malaysia.
.
No comments:
Post a Comment