Insas Bhd (Rm0.85) - The most undervalued stock.

Insas added 4 sens (+4.94%) today with higher than usual volume of 2.6 million. From its long-term chart, Insas is currently on its major wave 3 of its mega wave (5).

From the 5-year chart, it has so far completed the wave (i)-(ii) of its major wave 3.

From the 6-Month chart, after completing its wave (ii) in May, since then it has formed its mini wave 1, 2, 3 and 4 and since last Friday it has started its mini wave 5. It can either end its mini wave 5 within one or two days and has a bigger price pull back to form a possible sub-wave i-ii

Or with a strong momentum Insas might continue with its mini waves formation to form 9 mini up-waves instead of 5. Whether it is going to be 5 or 9 waves, the formation of the mini wave 5 in the last two days confirmed the starting of wave (iii) of the major wave 3.

The following article from Sslee 'Insas Deep Value Investing' is a detailed analysis on Insas. A very good article from Sslee.

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