Dow is on its way to complete its wave D.
And if Dow can punch through the ceiling and can keep on going higher, than Dow is on its major wave 9. But then how to explain for the wave C that has only 3 waves?
FBMKLCI (1,700)
If Dow is heading for its wave D and E, then KLCI will follow closely by forming its wave iv and v.
But if Dow can punch through the ceiling and going for its major wave 9, then KLCI will follow suit by punching through the upper trend line and going for the wave (iii) of its major wave 5.
Inari Amertron Bhd (Rm 1.03)
Inari continues to form its wave B.
Insas Bhd (Rm 0.785)
Insas was unable to hold above its upper trend line that its has managed to punch through previously. But my reading for Insas remained the same except that the wave ii pullback will have a bigger magnitude. Hopefully it won't be the case of a 100% retracement.
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