Dow is about to complete its wave ii of D.
FBMKLCI (1,643)
Not much changes, KLCI will continue to form its wave v of C of its mega wave (6).
Inari Amertron Bhd (Rm 1.57)
If Inari can move higher next week, it will complete its wave B very soon.
But if Inari continues to move side way, it is going for a-b-c-d-e wave ii.
Insas Bhd (Rm 0.76)
Insas continued to move lower last week, extending its wave ii to a lower end. I have no choice but to bear with it.
Sapura Energy Bhd (Rm 0.335)
To my disappointment, in the last 5 trading days, the price of Sapnrg dropped below the neckline of a potential 'Head and Shoulder' reversal pattern. With that Sapnrg now has two possible options. The wave iv formation that I mentioned last week is one option
Another possible option now is that the current wave iii is going to have nine mini waves instead of five. Sapnrg is forming its mini wave 7 of iii at this moment.
Advance Synergy Bhd (Rm 0.14)
ASB is about to complete a potentially very bullish 'overlapping 5-advancing waves' pattern.
The latest example of this bullish pattern formation is WTK as shown below.
The long term 20-Year chart of ASB has a bullish wave count accompanied by a bullish OBV. After hitting bottom in 2009, ASB has formed its mega wave (1)-(2) and major wave 1-2. The 10.5 sens low recorded on 2nd and 3rd of January is likely to be the end of its major wave 2.
It is highly possible that since early January, ASB has already started forming its major wave 3. At last Friday closing price of 14 sens, ASB has already gained 33% since its low in January.
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