Thursday, October 24, 2019

Insas Bhd (Rm 0.875)

Insas added 3 sens to end the day at 87.5 sens with volume of 4.1 million shares. It is forming its mini wave 3 at the moment. Since mini wave 1 added 6.5 sens, mini wave 3 can either end at 90.5 sens (x1.618) or at 97 sens (x2.618) before mini wave 4 correction takes place.


Since mega wave (1) gained 200% and mega wave (3) gained 225% by assuming mega wave (5) can add on 200%, same as that for mega wave (1), mega wave (5) is likely to end at Rm1.92.


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