Don't worry, be happy.

FBMKLCI (1,847)

KLCI is forming the sub-wave iv of wave (v) of major wave 3.

Monday's drop is the small wave 3 of wave c of sub-wave iv.

KSL Holdings Bhd (Rm 4.54)

KSL is forming its wave (iii) of major wave 3 of mega wave (3).

Within its wave (iii), it is currently at its minor wave iv of mini wave 3 of sub-wave iii. Still a long way to go.

Kenanga has estimated an earning per share of 78 sens for 2014 and 97 sens for 2015. Its fair value given by Kenanga is Rm 6.63, another Rm 2.09 to go from Monday's closing of Rm 4.54.

Click 'Kenanga' for details.


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Weekly update

Dow (17,049)

Dow is forming the mini wave 2 of sub-wave v of wave (xi). No danger yet. The subsequent wave (xii) and wave (xiii) can last until first quarter of 2015. Be extremely careful when wave (xiii) is completed as that can be a major turning point.

FBMKLCI (1,855)

KLCI is forming the sub-wave iv of wave (v).

KSL Holdings Bhd (Rm 4.59)

The 36 sens (+8.5%) surge is the minor wave iii of mini wave 3 of sub-wave iii. Still a long way to go. If its next 2 quarter earning can be the same as its first 6 months earning of 36.3 sens a share, its 2014 earning should be in the region of 70 to 80 sens a share. Its net assets is Rm 3.70 a share.

Pinehill Pacific Bhd (Rm 0.38)

After completing its mega wave (1) in year 2000, Pinepac moved side way for the next 14 years to form its A-B-C-D-E mega wave (2).

 

From May 2014 to end of June 2014 it has completed its major wave 1 and 2. 

In early July it surged to 52 sens to form its wave (i) and it has completed its wave (ii)  last week. It added 2.5 sens today, is that the starting of wave (iii) ?

Only Dr. Mahathir can say these :

Click 'Dr. Mahathir 1' and 'Dr. Mahathir 2' for the articles.


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Dutaland, PM Corp and Priceworth

Dutaland Bhd (Rm 0.605)

Sub-wave iv correction may last a few more day.

Pan Malaysia Corporation Bhd (Rm 0.28)

It is forming its major wave 5

The current pullback is the wave (ii) of its major wave 5. It may drop to around 25 sens level.

 

Priceworth International Bhd (Rm 0.25)

PWorth is either forming its sub-wave ii of wave (iii)

 

OR it has completed its wave (iii) and is forming its wave (iv) at this moment.

 

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KSL, PWorth, Olympia & Dutaland

KSL Holdings Bhd (Rm 4.27)

KSL is taking a breather to form its minor wave i and ii of its mini-wave 3 of sub-wave iii.

Priceworth International Bhd (Rm 0.265)

Sub-wave v of wave (iii) in progress.

I expect PWorth to go above Rm2.00 by 2017 when the company monthly log output reaches 100,000 cu.m and its timber mills can operate close to 80% of its capacity. The only question is whether the 'assets bubble' will burst before 2017.

 

Olympia Industries Bhd (Rm 0.195)

Currently it is either forming its sub-wave iii of wave (v)

OR it is forming the wave b of its major wave 2. I put this option as less likely especially when Dutaland is moving.

Dutaland Bhd (Rm 0.595)

Dutaland moved up strongly today. It added 5.5 sens (+10%) with very high volume of 44.5 millions shares changed hand. Since 2009's bottom, it has been moving side way forming its A-B-C-D-E mega wave (2).

After competing its mega wave (2) in 2013, it has formed its wave (i) and (ii) by end of August. Today's surge is the sub-wave iii of its wave (iii). That is why it is so dynamic. Hopefully my reading is right.

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KSL Holdings Bhd - Confirmed it is mini-wave 3

KSL jumped 37 sens (9%) to closed at Rm 4.24 today. It is the mini-wave 3 of sub-wave iii of wave (iii), thanks to an article on KSL published over the weekend by The Edge.

From its 20-year chart, the current up-leg is the iii of (iii) of 3 of (3), and mini wave 3 of iii has just started. Very bullish. I hope I am right.

 

Happy Mid Autumn Festival

to 

All of you especially to my old friends

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Dow, KSL, Pinepac.

Dow (17,137)

Dow put up a positive candlestick on Friday. If it can continue to move higher with new records, then Dow is forming its minor wave iii of sub-waves v of wave (xi).

KSL Holdings Bhd (Rm 3.87)

KSL is either forming the wave c of its sub-wave iv.

Or it is about to start the mini wave 3 of its sub-wave iii, very bullish indeed especially if it can break Rm 4.00 next Monday.

Pinehill Pacific Bhd (Rm 0.355)

The bad quarterly result it has announced recently, losing 4.51 sens a share is likely to be the reason why its stock price dropped 30% from its July's high of 52 sens. It also announced a net assets per share of 80 sens.

Technically the recent drop is the wave (ii) of its major wave 3 of mega wave (3). The next up can be exciting, it is the wave (iii) of 3 of (3), provided I am right.

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Penny Stocks

Karambunai Corp Bhd (Rm 0.095)

In the past, I have interpreted the chart for this stock wrongly in several occasions, and I am still holding my high-price stocks. In the last few months I started to collect this stock again and today I bought some at 9 sens hoping that the sub-wave iii of wave (iii) of mega wave (3) has started.

OBV is almost at its peak and the stock price has broken its upper trend line.

If my wave count is correct (hopefully), there is a possibility that sub-wave iii of wave (iii) has started.

Olympia Industries Bhd (Rm 0.185)

Olympia is either forming its major wave 2 corrective wave at this moment.

 

Or it is forming its sub-wave ii of wave (v). 

Pan Malaysia Holdings Bhd (Rm 0.125)

This is a fundamentally lousy stocks. In its latest quarter, it lost 0.12 sen a share. Net assets is only 6 sens per share, very very lousy for a stock selling at 12.5 sens.

But its chart looks very bullish, if my interpretation is correct. 

Firstly its OBV is very strong. Its OBV was close to its peak when its price was right at the bottom in 2013. Since then its OBV has been setting new records

Secondly, there is a potential long-term 'double bottom' formation.

Thirdly, I can see '3 soldiers' moving up the slope.

The July's low is either the wave (vi) or the wave A of its major wave 2.
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