EG gained 17 sens or +40% on Monday with a fantastic volume of 102 million, which represents close to 40% of its total number of share.
On chart EG is currently forming its wave (iii). If this wave (iii) can move up by 150%, same as that for wave (i), it can reach Rm0.85. Very often wave (iii) is the longest wave among the five. Using fibonacci ratio of 1.618x150%=243%, wave (iii) may be able to reach Rm1.16.
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